Monongalia Home Corporation

Analysis

Monongalia Home Corporation is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monongalia Home Corporation reported income of $14.1m and spending of $14.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.5m to $14.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monongalia Home Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within WV. Charities of a similar size with the same main cause include Johns Hopkins Hospital Endowment Fund Incorporated ($14.1m), Valley Childrens Healthcare Foundation ($14.1m) and Rush Care Inc ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $5.7m against liabilities of $5.9m, net assets of -$252k. It reported 219 employees.