Meritus Healthcare Foundation Inc

Organization Overview

Meritus Healthcare Foundation Inc is located in Hagerstown, MD. The organization was established in 2002. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meritus Healthcare Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Meritus Healthcare Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 37.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FUND DEVELOPMENT, FINANCIAL, AND OTHER ASSISTANCE TO MERITUS MEDICAL CENTER, INC. MERITUS HEALTHCARE FOUNDATION (MHF) IS OPERATED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF SUPPORTING QUALITY HEALTH CARE AND RELATED SERVICES OF MMC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$20,334
Related organizations$0
Government grants $74,933
All other contributions, gifts, grants, and similar amounts not included above$610,495
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$705,762
Total Program Service Revenue$0
Investment income $107,486
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,146,392
Net Income from Fundraising Events $42,465
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,002,105

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