Memorial Hospital of William F and Gertrude F Jones Inc

Analysis

Memorial Hospital of William F and Gertrude F Jones Inc is a registered charity in United States, based in Wellsville, NY. It received its IRS tax-exemption ruling in July 1987, 39 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, Memorial Hospital of William F and Gertrude F Jones Inc reported income of $78.1m and spending of $74.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.4m to $78.1m (+220%), an average of +34% a year. The sharpest change came in the year to June 2020, when income rose by 106%. 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, Memorial Hospital of William F and Gertrude F Jones Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Vivent Health Inc ($78.1m), Morton Plant Mease Health Services Inc ($78.1m) and Frontier Health ($78.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $313k (0.4% of expenses). Other salaries and wages came to $26.1m. At year end it held assets of $72.5m against liabilities of $28.9m, net assets of $43.6m. It reported 566 employees.