Cobb Hospital

Analysis

Cobb Hospital is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in May 1986, 40 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 June 2023, Cobb Hospital reported income of $1.03bn and spending of $793.7m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $493.2m to $1.03bn (+109%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cobb Hospital 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 GA. Charities of a similar size with the same main cause include Christus Health ($1.03bn), White Plains Medical Center ($1.04bn) and Camp Bowie Service Center ($1.03bn).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $3.3m (0.4% of expenses). Other salaries and wages came to $294.2m. At year end it held assets of $422.4m against liabilities of $171.5m, net assets of $250.9m. It reported 3,907 employees.