Phoebe Putney Memorial Hospital Inc

Analysis

Phoebe Putney Memorial Hospital Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in May 1991, 35 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 July 2023, Phoebe Putney Memorial Hospital Inc reported income of $728.6m and spending of $711.6m, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $582.9m to $728.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to July 2021, when income rose by 17%. 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, Phoebe Putney Memorial Hospital Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Dialysis Clinic Inc ($728.1m), Community Medical Associates Inc ($730.3m) and Cedars-Sinai Medical Care Foundation ($727.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $469k (0.1% of expenses). Other salaries and wages came to $163.8m. At year end it held assets of $747.6m against liabilities of $512.8m, net assets of $234.8m. It reported 3,569 employees.