Kennestone Hospital Inc

Analysis

Kennestone Hospital Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in June 1994, 32 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, Kennestone Hospital Inc reported income of $1.83bn and spending of $1.37bn, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.33bn to $1.83bn (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kennestone Hospital Inc sits at the 100th 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 John Muir Health ($1.78bn), Hoag Memorial Hospital Presbyterian ($1.84bn) and Pitt County Memorial Hospital Inc ($1.77bn).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $7.4m (0.5% of expenses). Other salaries and wages came to $573.7m. At year end it held assets of $1.14bn against liabilities of $785.5m, net assets of $357.9m. It reported 9,984 employees.