Wayne Memorial Health System Inc

Analysis

Wayne Memorial Health System Inc is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in June 1998, 28 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 ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wayne Memorial Health System Inc reported income of $1.5m and spending of $1.6m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.5m (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 95% 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 Health System Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Mental Health Association of East Tennessee Inc ($1.5m), Pathways to Care Inc ($1.5m) and Warrior Health Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $581k (37% of expenses). Other salaries and wages came to $752k. At year end it held assets of $4.9m against liabilities of $909k, net assets of $4.0m. It reported 6 employees.