Braxton County Memorial Hospital Inc

Analysis

Braxton County Memorial Hospital Inc is a registered charity in United States, based in Gassaway, WV. It received its IRS tax-exemption ruling in April 1981, 45 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 December 2023, Braxton County Memorial Hospital Inc reported income of $28.7m and spending of $27.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.8m to $28.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 20%. 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, Braxton County Memorial Hospital Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within WV. Charities of a similar size with the same main cause include Hemophilia of Georgia Inc ($28.7m), Portsmouth Hospital Corporation ($28.7m) and Bertrand Chaffee Hospital ($28.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $617k (2.2% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $21.1m against liabilities of $6.0m, net assets of $15.1m. It reported 186 employees.