Pratt Regional Medical Center Corporation

Analysis

Pratt Regional Medical Center Corporation is a registered charity in United States, based in Pratt, KS. It received its IRS tax-exemption ruling in November 1988, 38 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 September 2023, Pratt Regional Medical Center Corporation reported income of $56.8m and spending of $60.0m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $54.4m to $56.8m (+4.4%), an average of +1.1% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pratt Regional Medical Center Corporation 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 KS. Charities of a similar size with the same main cause include Sunrise Community Health ($56.7m), Community Health Associates Inc ($56.9m) and West Hawaii Community Health Center Inc ($56.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.5m (4.2% of expenses). Other salaries and wages came to $23.6m. At year end it held assets of $54.2m against liabilities of $27.8m, net assets of $26.4m. It reported 423 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.