Potomac Valley Hospital Inc

Analysis

Potomac Valley Hospital Inc is a registered charity in United States, based in Keyser, WV. It received its IRS tax-exemption ruling in October 2014, 12 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, Potomac Valley Hospital Inc reported income of $83.2m and spending of $75.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.6m to $83.2m (+141%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Potomac Valley Hospital Inc 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 Central Florida Health Care Inc ($83.2m), Gardner Family Health Network Inc ($83.2m) and PMHCC Inc ($83.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (1.8% of expenses). Other salaries and wages came to $24.9m. At year end it held assets of $60.0m against liabilities of $32.7m, net assets of $27.2m. It reported 510 employees.