Monongahela Valley Association of Health Centers Inc

Analysis

Monongahela Valley Association of Health Centers Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in March 1978, 48 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 January 2024, Monongahela Valley Association of Health Centers Inc reported income of $15.8m and spending of $12.3m, leaving 22% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $11.5m to $15.8m (+37%), an average of +8.2% a year. The sharpest change came in the year to January 2021, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monongahela Valley Association of Health Centers 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 96th percentile, and in the 96th percentile within WV. Charities of a similar size with the same main cause include All Care Vna of Greater Lynn Inc ($15.8m), Innovation Works Inc ($15.8m) and DDW LLC ($15.8m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 24% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $221k (1.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $30.2m against liabilities of $1.3m, net assets of $28.9m. It reported 109 employees.