Mount Nittany Medical Center

Analysis

Mount Nittany Medical Center is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Nittany Medical Center reported income of $468k and spending of $436k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $153k to $468k (+207%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 211%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Nittany Medical Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include East Georgia State College Foundation of Georgia Southern Uni ($468k), Middletown Fire Company No 1 ($468k) and Friends of the East Broad Top Inc ($468k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $13k (2.9% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.