Camden-Clark Memorial Hospital Corporation

Analysis

Camden-Clark Memorial Hospital Corporation is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in June 1997, 29 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 December 2023, Camden-Clark Memorial Hospital Corporation reported income of $461.7m and spending of $450.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $319.9m to $461.7m (+44%), an average of +9.6% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Camden-Clark Memorial Hospital Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WV. Charities of a similar size with the same main cause include Virtua Medical Group Pa ($460.3m), Methodist Medical Center of Illinois ($462.9m) and San Antonio Regional Hospital ($459.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.3m (0.7% of expenses). Other salaries and wages came to $103.4m. At year end it held assets of $275.9m against liabilities of $301.2m, net assets of -$25.3m. It reported 2,641 employees.