Rockcastle County Hospital Inc

Analysis

Rockcastle County Hospital Inc is a registered charity in United States, based in Mount Vernon, KY. It received its IRS tax-exemption ruling in April 1956, 70 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 October 2023, Rockcastle County Hospital Inc reported income of $88.6m and spending of $84.7m, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $75.8m to $88.6m (+17%), an average of +4.0% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rockcastle County Hospital Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include March of Dimes Inc ($88.5m), South Shore Medical Center ($88.7m) and Levindale Hebrew Geriatric Ctr & Hospital Inc ($88.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $796k (0.9% of expenses). Other salaries and wages came to $40.5m. At year end it held assets of $108.7m against liabilities of $27.0m, net assets of $81.6m. It reported 1,004 employees.