Parkview Hospital Inc

Analysis

Parkview Hospital Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in June 1955, 71 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 December 2023, Parkview Hospital Inc reported income of $1.93bn and spending of $1.84bn, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.39bn to $1.93bn (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkview Hospital Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Rady Childrens Hospital San Diego ($1.93bn), Methodist Healthcare-Memphis ($1.94bn) and The Moses H Cone Memorial Hospital Operating Corporation ($1.93bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $4.4m (0.2% of expenses). Other salaries and wages came to $403.3m. At year end it held assets of $1.06bn against liabilities of $148.8m, net assets of $913.5m. It reported 7,599 employees.