New River Health Association Inc

Analysis

New River Health Association Inc is a registered charity in United States, based in Oak Hill, WV. It received its IRS tax-exemption ruling in February 1978, 48 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, New River Health Association Inc reported income of $33.5m and spending of $23.6m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.6m to $33.5m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New River Health Association 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 Good Samaritan Hospital Association ($33.4m), St Johnland Nursing Center Inc ($33.5m) and Johnson Health Center ($33.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $614k (2.6% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $44.3m against liabilities of $9.0m, net assets of $35.4m. It reported 189 employees.