Piedmont Athens Regional Medical Center Inc

Analysis

Piedmont Athens Regional Medical Center Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in November 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 Athens Regional Medical Center Inc reported income of $774.0m and spending of $684.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $517.1m to $774.0m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Piedmont Athens Regional Medical Center Inc sits at the 99th 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 Indiana University Health Bloomingon Inc ($773.0m), Vassar Brothers Hospital ($774.4m) and Driscoll Childrens Hospital ($771.8m).

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 $2.1m (0.3% of expenses). Other salaries and wages came to $207.6m. At year end it held assets of $638.9m against liabilities of $291.9m, net assets of $347.0m. It reported 3,509 employees.