Georgetown Healthcare System Inc

Analysis

Georgetown Healthcare System Inc is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in February 2003, 23 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 December 2023, Georgetown Healthcare System Inc reported income of $4.2m and spending of $4.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.2m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Georgetown Healthcare System Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Project Healing Waters Fly Fishing Inc ($4.2m), Wellness Networks Inc ($4.2m) and Planned Parenthood San Antonio ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $957k (22% of expenses). Other salaries and wages came to $522k. At year end it held assets of $56.3m against liabilities of $3.5m, net assets of $52.8m. It reported 10 employees.