West Virginia Health Care Cooperative Inc

Analysis

West Virginia Health Care Cooperative Inc is a registered charity in United States, based in Summersville, WV. It received its IRS tax-exemption ruling in May 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, West Virginia Health Care Cooperative Inc reported income of $67.2m and spending of $71.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.4m to $67.2m (+188%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 156%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Virginia Health Care Cooperative Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Comunilife Inc ($67.2m), Oakwood University Inc ($67.3m) and Adventist Health Tulare ($67.2m).

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 $948k (1.3% of expenses). Other salaries and wages came to $26.3m. At year end it held assets of $40.5m against liabilities of $24.7m, net assets of $15.8m. It reported 599 employees.