Waccamaw Community Hospital

Analysis

Waccamaw Community Hospital is a registered charity in United States, based in Georgetown, SC. It received its IRS tax-exemption ruling in September 2003, 23 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 September 2023, Waccamaw Community Hospital reported income of $206.1m and spending of $187.8m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $183.2m to $206.1m (+13%), an average of +3.0% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Waccamaw Community 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 SC. Charities of a similar size with the same main cause include Dallas Safety Net Support Corporation ($206.1m), Lsu Health Sciences Center - Shreveport Faculty Group Practice ($207.0m) and United Health Centers of the San Joaquin Valley ($206.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.3m (0.7% of expenses). Other salaries and wages came to $43.8m. At year end it held assets of $359.3m against liabilities of $124.0m, net assets of $235.3m.