West Virginia University Medical Corporation

Analysis

West Virginia University Medical Corporation is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in May 1973, 53 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, West Virginia University Medical Corporation reported income of $769.6m and spending of $763.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $531.0m to $769.6m (+45%), an average of +9.7% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, West Virginia University Medical Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WV. Charities of a similar size with the same main cause include Johns Hopkins Bayview Medical Center Inc ($767.2m), Driscoll Childrens Hospital ($771.8m) and City of Hope Medical Foundation ($766.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $10.8m (1.4% of expenses). Other salaries and wages came to $511.1m. At year end it held assets of $249.5m against liabilities of $153.7m, net assets of $95.7m. It reported 2,166 employees.