West Virginia University Hospitals Inc

Analysis

West Virginia University Hospitals Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in October 1984, 42 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, West Virginia University Hospitals Inc reported income of $2.11bn and spending of $2.05bn, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.38bn to $2.11bn (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, West Virginia University Hospitals Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WV. Charities of a similar size with the same main cause include University of Vermont Medical Center Inc ($2.10bn), Wellstar Health System Inc ($2.12bn) and The Nemours Foundation ($2.09bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $6.1m (0.3% of expenses). Other salaries and wages came to $498.6m. At year end it held assets of $2.32bn against liabilities of $1.31bn, net assets of $1.01bn. It reported 14,736 employees.