Highland Medical Center Inc

Analysis

Highland Medical Center Inc is a registered charity in United States, based in Monterey, VA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Highland Medical Center Inc reported income of $5.0m and spending of $4.9m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.6m to $5.0m (+39%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Highland Medical Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Coalition of New York State ($5.0m), Autism Services of Mecklenburg County ($5.0m) and Breathing Association ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $364k (7.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.8m against liabilities of $1.6m, net assets of $7.2m. It reported 48 employees.