Central Peninsula General Hospital Inc

Analysis

Central Peninsula General Hospital Inc is a registered charity in United States, based in Soldotna, AK. It received its IRS tax-exemption ruling in August 1994, 32 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, Central Peninsula General Hospital Inc reported income of $606.2m and spending of $584.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $383.7m to $606.2m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Peninsula General Hospital Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AK. Charities of a similar size with the same main cause include Indiana University Health Ball Memorial Hospital Inc ($604.6m), Sharp Chula Vista Medical Center ($606.7m) and Medical Center of the Rockies ($604.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9.2m (1.6% of expenses). Other salaries and wages came to $89.1m. At year end it held assets of $308.4m against liabilities of $75.3m, net assets of $233.2m. It reported 1,306 employees.