Armstrong County Memorial Hospital

Analysis

Armstrong County Memorial Hospital is a registered charity in United States, based in Kittanning, PA. It received its IRS tax-exemption ruling in May 1937, 89 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, Armstrong County Memorial Hospital reported income of $135.2m and spending of $135.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $104.3m to $135.2m (+30%), an average of +6.7% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Armstrong County Memorial Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Saint Francis Medical Center ($135.1m), Five Pointe Professional Liability Insurance Company ($135.4m) and Butler Hospital ($135.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.1m (1.6% of expenses). Other salaries and wages came to $46.5m. At year end it held assets of $70.4m against liabilities of $38.0m, net assets of $32.5m. It reported 1,100 employees.