Buchanan General Hospital Inc

Analysis

Buchanan General Hospital Inc is a registered charity in United States, based in Grundy, VA. It received its IRS tax-exemption ruling in May 1979, 47 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, Buchanan General Hospital Inc reported income of $28.8m and spending of $32.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.4m to $28.8m (+5.2%), an average of +1.3% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Buchanan General Hospital Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include University Physician Associates of New Jersey Inc ($28.7m), Global Coalition for Adaptive Research Inc ($28.8m) and Bluestem Health ($28.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $525k (1.6% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $41.9m against liabilities of $3.9m, net assets of $37.9m. It reported 287 employees.