Millcreek Community Hospital

Analysis

Millcreek Community Hospital is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in July 1951, 75 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, Millcreek Community Hospital reported income of $72.8m and spending of $81.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $59.7m to $72.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Millcreek Community Hospital sits at the 94th percentile: it is larger than about 94% 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 Citizens Memorial Health Care Foundation ($72.7m), Baldwin Area Medical Center Inc ($73.0m) and Camarena Health ($72.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $974k (1.2% of expenses). Other salaries and wages came to $37.0m. At year end it held assets of $118.6m against liabilities of $19.0m, net assets of $99.6m. It reported 835 employees.