Owensboro Health Regional Hospital

Analysis

Owensboro Health Regional Hospital is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in May 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 May 2024, Owensboro Health Regional Hospital reported income of $822.4m and spending of $692.0m, spending 84% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $640.1m to $822.4m (+28%), an average of +6.5% a year. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Owensboro Health Regional Hospital 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 KY. Charities of a similar size with the same main cause include Cabell Huntington Hospital Inc ($821.6m), Virginia Hospital Center Arlington Health System ($824.9m) and Valley Childrens Hospital ($821.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $9.6m (1.4% of expenses). Other salaries and wages came to $189.3m. At year end it held assets of $2.45bn against liabilities of $1.32bn, net assets of $1.13bn. It reported 4,290 employees.