Davis Memorial Hospital

Analysis

Davis Memorial Hospital is a registered charity in United States, based in Elkins, WV. It received its IRS tax-exemption ruling in March 1937, 89 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, Davis Memorial Hospital reported income of $107.5m and spending of $136.2m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $115.0m to $107.5m (-6.5%), an average of -1.7% a year. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Davis 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 Charlestown Community Inc ($107.3m), Harford Memorial Hospital Inc ($107.5m) and Takoma Regional Hospital Inc ($107.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.4m (1.0% of expenses). Other salaries and wages came to $49.0m. At year end it held assets of $50.3m against liabilities of $84.3m, net assets of -$34.0m. It reported 1,050 employees.