Parkwest Medical Center

Analysis

Parkwest Medical Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 1990, 36 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, Parkwest Medical Center reported income of $437.3m and spending of $437.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $389.9m to $437.3m (+12%), an average of +2.9% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parkwest Medical Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Trinity Medical Center ($436.9m), Integris Health Inc ($437.6m) and John T Mather Memorial Hospital ($436.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.0m (0.2% of expenses). Other salaries and wages came to $99.6m. At year end it held assets of $292.1m against liabilities of $40.3m, net assets of $251.8m. It reported 2,561 employees.