Marshall Health Network Inc

Analysis

Marshall Health Network Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Marshall Health Network Inc reported income of $22.3m and spending of $25.0m, spending 112% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.6m to $22.3m (+1319%), an average of +142% a year. The sharpest change came in the year to September 2023, when income rose by 1029%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marshall Health Network Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WV. Charities of a similar size with the same main cause include Family Home Care Services of Brooklyn and Queens Inc ($22.3m), Ira Davenport Memorial Hospital Inc ($22.4m) and Community Nurses Home Health and Hospice Inc ($22.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $5.6m (22% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $8.2m against liabilities of $10.3m, net assets of -$2.1m. It reported 1 employees.