Pikeville Medical Center Inc

Analysis

Pikeville Medical Center Inc is a registered charity in United States, based in Pikeville, KY. It received its IRS tax-exemption ruling in July 1928, 98 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 September 2023, Pikeville Medical Center Inc reported income of $652.8m and spending of $623.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $534.0m to $652.8m (+22%), an average of +5.1% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pikeville Medical Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include Floyd Healthcare Management Inc ($652.8m), Freeman Health System ($654.5m) and Luminis Health Anne Arundel Medical Center Inc ($652.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $5.9m (0.9% of expenses). Other salaries and wages came to $239.4m. At year end it held assets of $671.1m against liabilities of $315.8m, net assets of $355.3m. It reported 3,884 employees.