Presbyterian Medical Center of Oakmont Pennsylvania Inc

Analysis

Presbyterian Medical Center of Oakmont Pennsylvania Inc is a registered charity in United States, based in Oakmont, PA. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Medical Center of Oakmont Pennsylvania Inc reported income of $19.2m and spending of $19.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $20.3m to $19.2m (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Medical Center of Oakmont Pennsylvania Inc sits at the 88th percentile: it is larger than about 88% 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 Prohealth Home Care Inc ($19.2m), Christus Childrens Foundation ($19.2m) and American Academy of Addiction Psychiatry ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $8.3m. At year end it held assets of $9.9m against liabilities of $9.1m, net assets of $769k.