Gibson General Hospital Inc

Analysis

Gibson General Hospital Inc is a registered charity in United States, based in Princeton, IN. It received its IRS tax-exemption ruling in January 1944, 82 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 September 2023, Gibson General Hospital Inc reported income of $53.6m and spending of $42.7m, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $33.1m to $53.6m (+62%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gibson General Hospital Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Huron Regional Medical Center Inc ($53.6m), The Native American Rehabilitation Assoc of the Northwest Inc ($53.6m) and Texas Health Harris Methodist Hospital Azle ($53.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $780k (1.8% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $59.2m against liabilities of $18.2m, net assets of $41.0m. It reported 252 employees.