Piedmont Newton Hospital Inc

Analysis

Piedmont Newton Hospital Inc is a registered charity in United States, based in Covington, GA. It received its IRS tax-exemption ruling in April 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, Piedmont Newton Hospital Inc reported income of $188.4m and spending of $176.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $115.7m to $188.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Newton Hospital Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Caresource Kentucky Co ($188.3m), Institute for Community Living Inc ($188.6m) and Good Shepherd Health Care System ($188.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $918k (0.5% of expenses). Other salaries and wages came to $51.1m. At year end it held assets of $74.5m against liabilities of $23.0m, net assets of $51.5m. It reported 924 employees.