Presbyterian Community Hospital Inc

Analysis

Presbyterian Community Hospital Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in May 1949, 77 years ago. 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, Presbyterian Community Hospital Inc reported income of $69.6m and spending of $70.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.7m to $69.6m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Community Hospital Inc 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 99th percentile, and in the 98th percentile within PR. Charities of a similar size with the same main cause include Augustana Care ($69.5m), Healthlinc Inc ($69.9m) and Toward Independent Living & Learning Inc ($69.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (1.9% of expenses). Other salaries and wages came to $22.0m. At year end it held assets of $49.8m against liabilities of $40.9m, net assets of $8.9m. It reported 864 employees.