Piedmont Newnan Hospital Inc

Analysis

Piedmont Newnan Hospital Inc is a registered charity in United States, based in Newnan, GA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Piedmont Newnan Hospital Inc reported income of $428.5m and spending of $352.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $280.8m to $428.5m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Newnan Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Rehabilitation Institute of Chicago ($427.3m), Baystate Medical Practices Inc ($429.1m) and Florida Hospital Waterman Inc ($427.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.6m (0.4% of expenses). Other salaries and wages came to $94.6m. At year end it held assets of $310.8m against liabilities of $183.4m, net assets of $127.5m. It reported 1,568 employees.