West Virginia School of Osteopathic Medicine Clinic Inc

Analysis

West Virginia School of Osteopathic Medicine Clinic Inc is a registered charity in United States, based in Lewisburg, WV. It received its IRS tax-exemption ruling in April 1976, 50 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 June 2023, West Virginia School of Osteopathic Medicine Clinic Inc reported income of $9.4m and spending of $11.3m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $9.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Virginia School of Osteopathic Medicine Clinic Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Hospice of Southern Kentucky Inc ($9.4m), Juliette Fowler Homes Foundation ($9.4m) and Learning Forward ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $685k (6.1% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $1.5m against liabilities of $1.9m, net assets of -$320k. It reported 127 employees.