Southside Community Hospital Inc

Analysis

Southside Community Hospital Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in August 1928, 98 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, Southside Community Hospital Inc reported income of $119.0m and spending of $105.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $96.5m to $119.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southside Community Hospital Inc 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 99th percentile within VA. Charities of a similar size with the same main cause include Maine Coast Regional Health Facili Dba Northern Light Maine Coast Hos ($119.0m), J David Gladstone Institutes ($119.2m) and Langlade Hospital-Hotel Dieu of St Joseph of Antigo Wisconsin ($118.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.6m (2.5% of expenses). Other salaries and wages came to $28.6m. At year end it held assets of $90.6m against liabilities of $5.1m, net assets of $85.4m. It reported 705 employees.