Proctor Hospital

Analysis

Proctor Hospital is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in September 1962, 64 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, Proctor Hospital reported income of $138.3m and spending of $127.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111.0m to $138.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Proctor Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Mary Washington Healthcare ($138.2m), Avera Marshall ($138.6m) and Oklahoma Blood Institute ($138.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Other salaries and wages came to $28.3m. At year end it held assets of $184.5m against liabilities of $31.7m, net assets of $152.9m. It reported 834 employees.