Virginia Gay Hospital Inc

Analysis

Virginia Gay Hospital Inc is a registered charity in United States, based in Vinton, IA. It received its IRS tax-exemption ruling in October 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 June 2023, Virginia Gay Hospital Inc reported income of $36.4m and spending of $36.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.9m to $36.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Gay Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Altura Centers for Health ($36.4m), Ouachita County Medical Center ($36.4m) and Lincoln County Primary Care Center Inc ($36.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.4m (4.0% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $40.2m against liabilities of $3.4m, net assets of $36.8m. It reported 398 employees.