Promedica Coldwater Regional Hospital

Analysis

Promedica Coldwater Regional Hospital is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in August 2018, 8 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, Promedica Coldwater Regional Hospital reported income of $80.5m and spending of $86.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73.1m to $80.5m (+10%), an average of +2.5% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promedica Coldwater Regional Hospital sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Glencoe Regional Health Services ($80.4m), Lifepath Hospice Inc ($80.6m) and Royal Charter Properties - East Inc ($80.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Other salaries and wages came to $31.5m. At year end it held assets of $31.5m against liabilities of $27.1m, net assets of $4.4m. It reported 553 employees.