Wayne Memorial Hospital Foundation Inc

Analysis

Wayne Memorial Hospital Foundation Inc is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wayne Memorial Hospital Foundation Inc reported income of $664k and spending of $364k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $664k (-79%), an average of -32% a year. The sharpest change came in the year to June 2020, when income dropped by 75%. Over the whole period it spent 39% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wayne Memorial Hospital Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Diamond Blackfan Anemia Foundation ($664k), Clackamas Volunteers in Medicine ($664k) and Floating Doctors Inc ($664k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 21% of the total. At year end it held assets of $11.8m against liabilities of $460k, net assets of $11.4m.