Phoebe Putney Health Systems Inc

Analysis

Phoebe Putney Health Systems Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in July 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Phoebe Putney Health Systems Inc reported income of $76.7m and spending of $40.7m, leaving 47% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $46.7m to $76.7m (+64%), an average of +13% a year. The sharpest change came in the year to July 2021, when income rose by 55%. Over the whole period it spent 56% 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 Health Systems Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Minnesota Teen Challenge Inc ($76.6m), Infinite Legacy Inc ($76.7m) and Hills & Dales General Hospital Inc ($76.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $3.9m (9.5% of expenses). Other salaries and wages came to $19.8m. At year end it held assets of $661.2m against liabilities of $10.4m, net assets of $650.8m. It reported 286 employees.