Shenandoah Valley Medical System Inc

Analysis

Shenandoah Valley Medical System Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in November 1976, 50 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 March 2023, Shenandoah Valley Medical System Inc reported income of $34.5m and spending of $34.6m, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $26.8m to $34.5m (+29%), an average of +8.8% a year. The sharpest change came in the year to March 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shenandoah Valley Medical System Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Life Connection of Ohio ($34.5m), Sparrow Ionia Hospital ($34.5m) and International Falls Memorial Hospital Assn ($34.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 31% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $762k (2.2% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $20.7m against liabilities of $9.9m, net assets of $10.8m. It reported 396 employees.