Pasco-Pinellas Hillsborough Community Health System Inc

Analysis

Pasco-Pinellas Hillsborough Community Health System Inc is a registered charity in United States, based in Wesley Chapel, FL. It received its IRS tax-exemption ruling in July 2008, 18 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 December 2023, Pasco-Pinellas Hillsborough Community Health System Inc reported income of $418.6m and spending of $333.9m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $266.4m to $418.6m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pasco-Pinellas Hillsborough Community Health System 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 FL. Charities of a similar size with the same main cause include Redlands Community Hospital ($418.3m), Norwalk Hospital Association ($419.0m) and Arnot Ogden Medical Center ($418.0m).

On its Form 990 for the period ending December 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 $2.5m (0.7% of expenses). Other salaries and wages came to $108.2m. At year end it held assets of $510.2m against liabilities of $161.5m, net assets of $348.7m. It reported 2,063 employees.