Corry Memorial Hospital Association

Analysis

Corry Memorial Hospital Association is a registered charity in United States, based in Corry, PA. It received its IRS tax-exemption ruling in October 1954, 72 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, Corry Memorial Hospital Association reported income of $28.8m and spending of $29.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.2m to $28.8m (+14%), an average of +3.4% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corry Memorial Hospital Association sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Global Coalition for Adaptive Research Inc ($28.8m), West River Health Services ($28.8m) and Buchanan General Hospital Inc ($28.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $569k (1.9% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $55.5m against liabilities of $39.0m, net assets of $16.5m. It reported 222 employees.