Parkview Wabash Hospital Inc

Analysis

Parkview Wabash Hospital Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in March 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 December 2023, Parkview Wabash Hospital Inc reported income of $68.7m and spending of $64.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55.8m to $68.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkview Wabash Hospital Inc 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 IN. Charities of a similar size with the same main cause include Northern Maine Medical Center ($68.7m), Magee-Womens Research Institute and Foundation ($68.7m) and McLeod Medical Center Dillon ($68.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $682k (1.1% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $41.3m against liabilities of $46.0m, net assets of -$4.7m. It reported 242 employees.