Community Health Systems Inc

Analysis

Community Health Systems Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in December 1967, 59 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 March 2024, Community Health Systems Inc reported income of $67.5m and spending of $59.2m, spending 88% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $46.0m to $67.5m (+47%), an average of +8.0% a year. The sharpest change came in the year to March 2022, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Health Systems Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Goodwill of Silicon Valley ($67.5m), Borinquen Health Care Center Inc ($67.6m) and Washington County Mental Health Services Inc ($67.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 8.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.9m (6.7% of expenses). Other salaries and wages came to $26.6m. At year end it held assets of $71.1m against liabilities of $9.7m, net assets of $61.4m. It reported 385 employees.