Monongalia Health System Inc

Analysis

Monongalia Health System Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monongalia Health System Inc reported income of $57.7m and spending of $58.4m, spending 101% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $10.9m to $57.7m (+432%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monongalia Health System Inc 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 99th percentile within WV. Charities of a similar size with the same main cause include Dallas Physician Medical Services for Children Inc ($57.7m), Trumerit ($57.8m) and Family Health Services Corporation ($57.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $20.5m. At year end it held assets of $77.8m against liabilities of $55.4m, net assets of $22.4m. It reported 210 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.