Platte Community Memorial Hospital Inc

Analysis

Platte Community Memorial Hospital Inc is a registered charity in United States, based in Platte, SD. It received its IRS tax-exemption ruling in October 1958, 68 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, Platte Community Memorial Hospital Inc reported income of $21.8m and spending of $16.7m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $21.8m (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Platte Community Memorial Hospital Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within SD. Charities of a similar size with the same main cause include New York Dental Affiliates PC ($21.8m), Cumberland County Hospital Association Inc ($21.8m) and Northland Pace Program ($21.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $440k (2.6% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $31.7m against liabilities of $7.3m, net assets of $24.4m. It reported 212 employees.