McLeod Regional Medical Center of the Pee Dee Inc

Analysis

McLeod Regional Medical Center of the Pee Dee Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in May 1975, 51 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, McLeod Regional Medical Center of the Pee Dee Inc reported income of $1.11bn and spending of $979.9m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $784.1m to $1.11bn (+42%), an average of +9.2% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLeod Regional Medical Center of the Pee Dee Inc sits at the 99th 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 SC. Charities of a similar size with the same main cause include Saint Thomas West Hospital ($1.11bn), Gundersen Lutheran Medical Center Inc ($1.11bn) and Brookdale Hospital Medical Center ($1.11bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.6m (0.2% of expenses). Other salaries and wages came to $255.6m. At year end it held assets of $2.34bn against liabilities of $428.7m, net assets of $1.92bn. It reported 5,086 employees.