St Marys Medical Center Inc

Analysis

St Marys Medical Center Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, St Marys Medical Center Inc reported income of $659.7m and spending of $695.7m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $450.4m to $659.7m (+46%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Medical Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WV. Charities of a similar size with the same main cause include Memorial Health Care System Inc ($655.7m), Alta California Regional Center Inc ($674.5m) and Northeast Medical Group Inc ($622.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.6m (0.5% of expenses). Other salaries and wages came to $265.2m. At year end it held assets of $437.3m against liabilities of $335.7m, net assets of $101.6m. It reported 4,261 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.