DRS R W & J a Love Memorial Clinic

Analysis

DRS R W & J a Love Memorial Clinic is a registered charity in United States, based in Moorefield, WV. It received its IRS tax-exemption ruling in February 1975, 51 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 December 2023, DRS R W & J a Love Memorial Clinic reported income of $1.7m and spending of $1.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, DRS R W & J a Love Memorial Clinic sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within WV. Charities of a similar size with the same main cause include Floyd Memorial Foundation Inc ($1.7m), Lake Michigan College Foundation ($1.7m) and Creative Coalition ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $303k (17% of expenses). Other salaries and wages came to $921k. At year end it held assets of $928k against liabilities of $497k, net assets of $431k. It reported 28 employees.