Pender Memorial Hospital Incorporated

Analysis

Pender Memorial Hospital Incorporated is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 1965, 61 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, Pender Memorial Hospital Incorporated reported income of $35.1m and spending of $36.7m, spending 104% of its income. Across the 4 years on record, from September 2021 to December 2023, income fell from $37.6m to $35.1m (-6.6%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pender Memorial Hospital Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Christopher Greater Area Rural Health Planning Corporation ($35.1m), Quality Living Inc ($35.2m) and Valley Oaks Health Inc ($35.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $9.6m. At year end it held assets of $49.4m against liabilities of $20.1m, net assets of $29.3m. It reported 261 employees.