Weirton Medical Center Inc

Analysis

Weirton Medical Center Inc is a registered charity in United States, based in Weirton, WV. It received its IRS tax-exemption ruling in June 1956, 70 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 June 2023, Weirton Medical Center Inc reported income of $226.4m and spending of $225.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $204.3m to $226.4m (+11%), an average of +2.6% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Weirton Medical Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within WV. Charities of a similar size with the same main cause include Mercy Catholic Medical Center of Southeastern Pa ($226.2m), Physician Enterprise LLC ($226.4m) and Loma Linda University Health Care ($226.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.7m (0.8% of expenses). Other salaries and wages came to $94.8m. At year end it held assets of $125.6m against liabilities of $92.8m, net assets of $32.9m. It reported 1,822 employees.