Paul Oliver Memorial Hospital

Analysis

Paul Oliver Memorial Hospital is a registered charity in United States, based in Frankfort, MI. It received its IRS tax-exemption ruling in September 1945, 81 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 June 2023, Paul Oliver Memorial Hospital reported income of $25.4m and spending of $24.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.6m to $25.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Paul Oliver Memorial Hospital sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Ridgeview Clinics ($25.4m), United Regional Physician Group ($25.4m) and Home Health & Hospice Care ($25.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $249k (1.0% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $19.1m against liabilities of $3.9m, net assets of $15.2m. It reported 264 employees.