Mount Nittany Medical Center Health Services Inc

Analysis

Mount Nittany Medical Center Health Services Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Nittany Medical Center Health Services Inc reported income of $114.9m and spending of $114.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $90.3m to $114.9m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mount Nittany Medical Center Health Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Carson-Tahoe Health System ($114.8m), Siskiyou Hospital Inc ($114.9m) and Knapp Medical Center ($114.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $3.2m (2.8% of expenses). Other salaries and wages came to $62.7m. At year end it held assets of $32.9m against liabilities of $21.3m, net assets of $11.6m. It reported 595 employees.