Hospital de LA Concepcion Inc

Analysis

Hospital de LA Concepcion Inc is a registered charity in United States, based in San German, PR. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Hospital de LA Concepcion Inc reported income of $101.1m and spending of $96.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $77.5m to $101.1m (+30%), an average of +6.9% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospital de LA Concepcion Inc sits at the 100th 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 99th percentile within PR. Charities of a similar size with the same main cause include Salem Health Hospitals and Clinics ($100.9m), Mount Sinai Community Foundation ($101.3m) and People Acting in Community Endeavors Inc ($100.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.3m (4.4% of expenses). Other salaries and wages came to $30.0m. At year end it held assets of $112.3m against liabilities of $25.5m, net assets of $86.8m. It reported 896 employees.