Tug River Health Association Inc

Analysis

Tug River Health Association Inc is a registered charity in United States, based in Gary, WV. It received its IRS tax-exemption ruling in June 1976, 50 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 January 2024, Tug River Health Association Inc reported income of $10.0m and spending of $8.5m, spending 84% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $7.8m to $10.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to January 2021, when income rose by 18%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tug River Health Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WV. Charities of a similar size with the same main cause include Wishek Hospital Clinic Association ($10.0m), Avenir Health Inc ($10.0m) and National Center for Advocacy and Recovery Inc ($10.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 33% and program service revenue 64% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $21.4m against liabilities of $1.5m, net assets of $20.0m. It reported 79 employees.