Western Maryland Health Care Corporation

Analysis

Western Maryland Health Care Corporation is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in July 1973, 53 years ago. 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, Western Maryland Health Care Corporation reported income of $17.8m and spending of $19.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $17.8m (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Maryland Health Care Corporation 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 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Indianapolis Center for Congregations Inc ($17.8m), Richard Milburn Academy Texas Inc ($17.8m) and Susanna Wesley Health Center Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $664k (3.5% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $14.5m against liabilities of $5.0m, net assets of $9.4m. It reported 157 employees.