South Peninsula Hospital Inc

Analysis

South Peninsula Hospital Inc is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in August 1972, 54 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, South Peninsula Hospital Inc reported income of $113.5m and spending of $110.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $86.7m to $113.5m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Peninsula Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include Salem Community Hospital ($113.5m), Memorial Hospital ($113.5m) and Guthrie Cortland Medical Center ($113.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.3m (3.0% of expenses). Other salaries and wages came to $48.4m. At year end it held assets of $114.4m against liabilities of $23.7m, net assets of $90.7m. It reported 655 employees.