Ephraim McDowell Health Resources

Analysis

Ephraim McDowell Health Resources is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in April 1999, 27 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 September 2023, Ephraim McDowell Health Resources reported income of $7.3m and spending of $8.6m, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.7m to $7.3m (-16%), an average of -4.3% a year. The sharpest change came in the year to September 2020, when income dropped by 36%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ephraim McDowell Health Resources sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Medical Plaza Imaging Associates LLC ($7.3m), Upward Smiles Inc ($7.3m) and St Marys Center Inc ($7.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 51% of the total. Compensation of current officers, directors and key employees was $479k (5.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.0m against liabilities of $28.3m, net assets of -$25.3m. It reported 451 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.