Powell County Memorial Hospital Association

Analysis

Powell County Memorial Hospital Association is a registered charity in United States, based in Deer Lodge, MT. It received its IRS tax-exemption ruling in February 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, Powell County Memorial Hospital Association reported income of $24.4m and spending of $23.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $24.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Powell County Memorial Hospital Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MT. Charities of a similar size with the same main cause include Long Island Select Healthcare Inc ($24.4m), Barbara Ann Karmanos Cancer Institute ($24.4m) and Highmark Health ($24.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $431k (1.8% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $41.4m against liabilities of $19.5m, net assets of $21.9m. It reported 161 employees.