Port City Operating Company LLC

Analysis

Port City Operating Company LLC is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2015, 11 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, Port City Operating Company LLC reported income of $784.5m and spending of $726.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $657.1m to $784.5m (+19%), an average of +4.5% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Port City Operating Company LLC sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Kennedy University Hospital Inc ($779.7m), Texas Health Presbyterian Hospital Dallas ($788.7m) and Prime Healthcare Foundation Inc ($776.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. At year end it held assets of $808.9m against liabilities of $151.8m, net assets of $657.1m.