Presbyterian Med Ctr of Wash

Analysis

Presbyterian Med Ctr of Wash is a registered charity in United States, based in Oakmont, PA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Presbyterian Med Ctr of Wash reported income of $17.0m and spending of $17.0m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $15.4m to $17.0m (+11%), an average of +2.1% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Med Ctr of Wash sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include National Fair Housing Alliance ($17.0m), Lutheran Homes Society ($17.0m) and Mirror Inc ($17.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $7.6m against liabilities of $11.8m, net assets of -$4.2m.