Wayne Hospital Company

Analysis

Wayne Hospital Company is a registered charity in United States, based in Greenville, OH. It received its IRS tax-exemption ruling in March 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 December 2023, Wayne Hospital Company reported income of $69.6m and spending of $80.2m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $73.1m to $69.6m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. 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, Wayne Hospital Company sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Garnet Health Doctors PC ($69.6m), Planned Parenthood North Central States ($69.7m) and McLeod Health Cheraw ($69.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $23.3m. At year end it held assets of $175.5m against liabilities of $54.9m, net assets of $120.5m. It reported 616 employees.