WMC Public Benefit Corporation

Analysis

WMC Public Benefit Corporation is a registered charity in United States, based in Louisville, MS. It received its IRS tax-exemption ruling in March 2016, 10 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 ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, WMC Public Benefit Corporation reported income of $3.4m and spending of $2.2m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.4m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 1262%. Over the whole period it spent 41% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, WMC Public Benefit Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include St Louis Integrated Health Network ($3.4m), CNS Nursing Home Care Inc ($3.4m) and Trinity Health Systems Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $44.1m against liabilities of $10.3m, net assets of $33.8m.