Polk Medical Center Inc

Analysis

Polk Medical Center Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in December 2013, 13 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, Polk Medical Center Inc reported income of $56.0m and spending of $32.4m, leaving 42% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $33.7m to $56.0m (+66%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 218%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Polk Medical Center 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 GA. Charities of a similar size with the same main cause include Thedacare Medical Center-Berlin Inc ($56.0m), Mymichigan Medical Center Tawas ($56.0m) and Peninsula Community Health Services ($56.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Other salaries and wages came to $13.0m. At year end it held assets of $115.9m against liabilities of $6.1m, net assets of $109.8m.