Community Memorial Hospital

Analysis

Community Memorial Hospital is a registered charity in United States, based in South Hill, VA. It received its IRS tax-exemption ruling in October 1955, 71 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, Community Memorial Hospital reported income of $149.0m and spending of $189.1m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $126.2m to $149.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Memorial Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Pella Regional Health Center ($148.5m), Mental Health Center of Denver ($149.0m) and Sacred Heart Health Services ($148.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $489k (0.3% of expenses). Other salaries and wages came to $59.6m. At year end it held assets of $582.7m against liabilities of $564.4m, net assets of $18.3m. It reported 1,470 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.