Paulding Medical Center Inc

Analysis

Paulding Medical Center Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in June 1995, 31 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, Paulding Medical Center Inc reported income of $298.4m and spending of $250.4m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $201.0m to $298.4m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Paulding Medical Center Inc 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 GA. Charities of a similar size with the same main cause include Carilion New River Valley Medical Center ($298.4m), Memorial Hospital ($298.6m) and St Helena Hospital ($298.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.5m (0.6% of expenses). Other salaries and wages came to $120.6m. At year end it held assets of $182.0m against liabilities of $110.0m, net assets of $72.0m. It reported 1,808 employees.