Reynolds Memorial Hospital Inc

Analysis

Reynolds Memorial Hospital Inc is a registered charity in United States, based in Glen Dale, WV. It received its IRS tax-exemption ruling in November 1933, 93 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, Reynolds Memorial Hospital Inc reported income of $150.4m and spending of $143.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $69.2m to $150.4m (+117%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reynolds Memorial 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 WV. Charities of a similar size with the same main cause include Saint Anthony Hospital ($150.3m), Fort Healthcare Inc ($150.6m) and St Lukes Quakertown Hospital ($150.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.1m (0.8% of expenses). Other salaries and wages came to $53.7m. At year end it held assets of $85.0m against liabilities of $50.7m, net assets of $34.4m. It reported 950 employees.