Sid Peterson Memorial Hospital

Analysis

Sid Peterson Memorial Hospital is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in June 1989, 37 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, Sid Peterson Memorial Hospital reported income of $192.4m and spending of $174.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $186.4m to $192.4m (+3.2%), an average of +0.8% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sid Peterson Memorial Hospital sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Baptist Medical Center Beaches ($192.2m), University of Kansas Medical Center Research Institute ($192.7m) and Caldwell Memorial Hospital Inc ($192.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.1m (1.8% of expenses). Other salaries and wages came to $77.8m. At year end it held assets of $290.0m against liabilities of $68.8m, net assets of $221.2m. It reported 1,530 employees.