Sweetwater Hospital Association

Analysis

Sweetwater Hospital Association is a registered charity in United States, based in Sweetwater, TN. It received its IRS tax-exemption ruling in March 1976, 50 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, Sweetwater Hospital Association reported income of $65.5m and spending of $73.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $55.1m to $65.5m (+19%), an average of +4.4% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sweetwater Hospital Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Valley Regional Hospital Inc ($65.4m), Columbiadoctors Newyork-Presbyterian Imaging ($65.5m) and John Fitzgibbon Memorial Hospital Inc ($65.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $331k (0.4% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $98.0m against liabilities of $12.3m, net assets of $85.8m. It reported 664 employees.