Floyd Healthcare Management Inc

Analysis

Floyd Healthcare Management Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in September 1992, 34 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, Floyd Healthcare Management Inc reported income of $652.8m and spending of $681.6m, spending 104% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $446.2m to $652.8m (+46%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Floyd Healthcare Management 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 Luminis Health Anne Arundel Medical Center Inc ($652.5m), Pikeville Medical Center Inc ($652.8m) and Dayton Childrens Hospital ($651.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $74k (0.0% of expenses). Other salaries and wages came to $278.0m. At year end it held assets of $738.6m against liabilities of $283.4m, net assets of $455.2m. It reported 4,530 employees.