Albany General Hospital

Analysis

Albany General Hospital is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in October 1925, 101 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, Albany General Hospital reported income of $257.0m and spending of $251.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $209.5m to $257.0m (+23%), an average of +5.2% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Albany General 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 OR. Charities of a similar size with the same main cause include Legacy Health ($256.4m), Ephraim McDowell Regional Medical C Enter ($257.2m) and Providence Hospital ($256.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.5m (0.6% of expenses). Other salaries and wages came to $103.6m. At year end it held assets of $81.2m against liabilities of $20.3m, net assets of $61.0m. It reported 1,359 employees.