Titusville Area Hospital

Analysis

Titusville Area Hospital is a registered charity in United States, based in Titusville, PA. It received its IRS tax-exemption ruling in December 1959, 67 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, Titusville Area Hospital reported income of $59.0m and spending of $53.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.1m to $59.0m (+68%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Titusville Area Hospital 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 Ozark Center ($58.9m), Childrens Hospital Pittsburgh Foundation ($59.0m) and The Stern Cardiovascular Foundation Inc ($58.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $20.9m. At year end it held assets of $31.2m against liabilities of $9.7m, net assets of $21.4m. It reported 258 employees.