Phoebe Sumter Medical Center Inc

Analysis

Phoebe Sumter Medical Center Inc is a registered charity in United States, based in Americus, GA. It received its IRS tax-exemption ruling in May 2010, 16 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 July 2023, Phoebe Sumter Medical Center Inc reported income of $111.3m and spending of $102.6m, spending 92% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $85.5m to $111.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to July 2021, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phoebe Sumter Medical Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Winona Health Services ($111.1m), The Schulman and Schachne Institute for Nursing and Rehabilitation Inc ($111.4m) and Baylor Scott & White Holdings ($111.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $263k (0.3% of expenses). Other salaries and wages came to $26.3m. At year end it held assets of $172.3m against liabilities of $15.7m, net assets of $156.6m. It reported 635 employees.