FMRS Health Systems Inc

Analysis

FMRS Health Systems Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FMRS Health Systems Inc reported income of $16.3m and spending of $17.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.7m to $16.3m (+11%), an average of +2.6% 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, FMRS Health Systems Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within WV. Charities of a similar size with the same main cause include St Vincent Hospital Foundation Inc ($16.3m), Mid Shore Mental Health Systems Inc ($16.3m) and Horizon Services Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $633k (3.7% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $13.1m against liabilities of $3.0m, net assets of $10.1m. It reported 346 employees.