Jefferson Memorial Hospital

Analysis

Jefferson Memorial Hospital is a registered charity in United States, based in Ranson, WV. It received its IRS tax-exemption ruling in August 1940, 86 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, Jefferson Memorial Hospital reported income of $96.8m and spending of $85.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $67.7m to $96.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jefferson Memorial Hospital sits at the 95th percentile: it is larger than about 95% 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 Androscoggin Valley Hospital Inc ($96.7m), Cares Community Health ($96.8m) and Beatrice Community Hospital & Health Center Inc ($96.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $313k (0.4% of expenses). Other salaries and wages came to $19.5m. At year end it held assets of $113.8m against liabilities of $17.1m, net assets of $96.6m. It reported 423 employees.