Cullman Regional Medical Center Inc

Analysis

Cullman Regional Medical Center Inc is a registered charity in United States, based in Cullman, AL. It received its IRS tax-exemption ruling in July 1992, 34 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, Cullman Regional Medical Center Inc reported income of $180.5m and spending of $177.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $129.5m to $180.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cullman Regional Medical Center Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Park Nicollet Health Services ($180.1m), St Peters Health Partners ($181.1m) and BMH Inc ($179.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 93% of the total. Other salaries and wages came to $81.1m. At year end it held assets of $236.3m against liabilities of $147.6m, net assets of $88.7m. It reported 1,803 employees.