Valley Health Systems Inc

Analysis

Valley Health Systems Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover health care, 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 May 2023, Valley Health Systems Inc reported income of $69.3m and spending of $70.8m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $49.2m to $69.3m (+41%), an average of +8.9% a year. The sharpest change came in the year to May 2022, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Health Systems Inc sits at the 94th percentile: it is larger than about 94% of them. 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 Penn State Health Lancaster Medical Center ($69.3m), Stoughton Hospital Association ($69.3m) and Mackinac Straits Health System Inc ($69.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 40% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $4.9m (6.9% of expenses). Other salaries and wages came to $32.4m. At year end it held assets of $95.4m against liabilities of $24.0m, net assets of $71.5m. It reported 358 employees.