Wayne Memorial Hospital

Analysis

Wayne Memorial Hospital is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in May 1943, 83 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, Wayne Memorial Hospital reported income of $120.9m and spending of $117.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $97.8m to $120.9m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 96% 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 sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Welvista ($120.8m), Salud Family Health ($121.1m) and Banner Medical Group Colorado ($120.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $430k (0.4% of expenses). Other salaries and wages came to $43.0m. At year end it held assets of $189.5m against liabilities of $78.4m, net assets of $111.1m. It reported 901 employees.