Pitt County Memorial Hospital Inc

Analysis

Pitt County Memorial Hospital Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in September 1953, 73 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, Pitt County Memorial Hospital Inc reported income of $1.77bn and spending of $1.64bn, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.39bn to $1.77bn (+27%), an average of +6.1% 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, Pitt County Memorial Hospital Inc sits at the 100th 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 NC. Charities of a similar size with the same main cause include Mercy Hospitals East Communities ($1.76bn), John Muir Health ($1.78bn) and Baystate Medical Center Inc ($1.75bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.7m (0.2% of expenses). Other salaries and wages came to $467.3m. At year end it held assets of $1.67bn against liabilities of $364.9m, net assets of $1.31bn. It reported 15,643 employees.