Pekin Memorial Hospital

Analysis

Pekin Memorial Hospital is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in April 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, Pekin Memorial Hospital reported income of $55.0m and spending of $55.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54.1m to $55.0m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 25%. 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, Pekin Memorial Hospital 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 IL. Charities of a similar size with the same main cause include Lifeworks NW ($55.0m), Memorial Medical Center Livingston ($55.0m) and Ascension Via Christi Hospital St Teresa Inc ($55.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Other salaries and wages came to $17.1m. At year end it held assets of $89.0m against liabilities of $10.3m, net assets of $78.7m. It reported 485 employees.