Grant Memorial Hospital

Analysis

Grant Memorial Hospital is a registered charity in United States, based in Petersburg, WV. It received its IRS tax-exemption ruling in January 1968, 58 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 June 2023, Grant Memorial Hospital reported income of $51.4m and spending of $52.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.2m to $51.4m (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grant Memorial Hospital sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Hale Makua Health Services ($51.4m), Granite Vna Inc ($51.4m) and Ashe Memorial Hospital Inc ($51.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $862k (1.7% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 411 employees.