Mary Hitchcock Memorial Hospital
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,263,505,225
Program Services
96%
Other
2%
Government Grants
1%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,218,831,346
Salaries & Benefits
48%
Other
37%
Fees to Service Providers
8%
Offices, Occupancy & IT
3%
Depreciation
2%
Interest
1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,000,863
$262,846
-87%
Government Grants
$41,696,221
$29,503,924
-29%
Fundraising Events
$0
$0
-
Program Services
$1,885,742,726
$2,178,328,478
+16%
Membership Dues
$0
$0
-
Investments
$3,937,628
$3,088,843
-22%
Other
$47,042,775
$52,321,134
+11%
Total Revenues
$1,980,420,213
$2,263,505,225
+14%
Expenses
2023
2024
Change
Grants
$9,063,920
$9,196,931
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$964,121,039
$1,056,338,987
+10%
Fees to Service Providers
$178,581,454
$183,181,345
+3%
Advertising & Promotion
$2,848,844
$2,431,247
-15%
Offices, Occupancy & IT
$76,137,669
$76,719,477
+1%
Interest
$19,940,199
$22,422,003
+12%
Depreciation
$64,059,505
$54,999,560
-14%
Other
$608,415,862
$813,541,796
+34%
Total Expenses
$1,923,168,492
$2,218,831,346
+15%
Net income
2023
2024
Change
Net income
+$57,251,721
+$44,673,879
-22%
Functional Expenses
Summary
2023
2024
Change
Program
$1,632,201,320
$1,926,986,228
+18%
Admin
$290,536,188
$291,260,074
+0%
Fundraising
$430,984
$585,044
+36%
Total Expenses
$1,923,168,492
$2,218,831,346
+15%
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