Punxsutawney Area Hospital Inc

Analysis

Punxsutawney Area Hospital Inc is a registered charity in United States, based in Punxsutawney, PA. It received its IRS tax-exemption ruling in October 1942, 84 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, Punxsutawney Area Hospital Inc reported income of $55.9m and spending of $53.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.6m to $55.9m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Punxsutawney Area Hospital Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Chiricahua Community Health Centers Inc ($55.8m), Mosaic Community Health ($55.9m) and PCC Community Wellness Center ($55.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (2.3% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $43.9m against liabilities of $13.3m, net assets of $30.6m. It reported 496 employees.