Herbert J Thomas Memorial Hospital Association

Analysis

Herbert J Thomas Memorial Hospital Association is a registered charity in United States, based in S Charleston, WV. It received its IRS tax-exemption ruling in August 1949, 77 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 September 2023, Herbert J Thomas Memorial Hospital Association reported income of $284.3m and spending of $200.6m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $199.6m to $284.3m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Herbert J Thomas Memorial Hospital Association 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 100th percentile within WV. Charities of a similar size with the same main cause include Carroll Hospital Center Inc ($283.9m), Physicians Clinic Inc ($284.6m) and The Health Care Authority of the City of Anniston ($283.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $77.9m. At year end it held assets of $347.4m against liabilities of $23.3m, net assets of $324.2m.