Stonewall Jackson Memorial Hospital Company

Analysis

Stonewall Jackson Memorial Hospital Company is a registered charity in United States, based in Weston, WV. It received its IRS tax-exemption ruling in February 1959, 67 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, Stonewall Jackson Memorial Hospital Company reported income of $50.2m and spending of $53.7m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $50.6m to $50.2m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stonewall Jackson Memorial Hospital Company sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Cook Childrens Medical Center - Prosper ($50.1m), Laureate Psychiatric Clinic and Hospital Inc ($50.3m) and Ryder Memorial Hospital Inc ($50.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 95% of the total. Other salaries and wages came to $21.6m. At year end it held assets of $66.0m against liabilities of $11.9m, net assets of $54.1m. It reported 440 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.