Grant Medical Center Inc

Analysis

Grant Medical Center Inc is a registered charity in United States, based in Milton, WV. It received its IRS tax-exemption ruling in January 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 May 2023, Grant Medical Center Inc reported income of $40.2m and spending of $32.7m, spending 81% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $23.4m to $40.2m (+72%), an average of +14% a year. The sharpest change came in the year to May 2020, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grant Medical Center 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 WV. Charities of a similar size with the same main cause include Nashville C a R E S Inc ($40.1m), Mark Twain Association for Mental Health Inc ($40.2m) and The Joseph L Morse Health Center Inc ($40.1m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $21.7m. At year end it held assets of $18.8m against liabilities of $4.4m, net assets of $14.4m. It reported 442 employees.