Rainelle Medical Center Inc

Analysis

Rainelle Medical Center Inc is a registered charity in United States, based in Rainelle, WV. It received its IRS tax-exemption ruling in July 1989, 37 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, Rainelle Medical Center Inc reported income of $31.0m and spending of $29.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.7m to $31.0m (+110%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rainelle Medical Center 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 97th percentile within WV. Charities of a similar size with the same main cause include Highlands Hospital and Health Center ($30.9m), Greenwood Genetic Center Inc ($31.0m) and Valley Community Healthcare ($30.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $14.2m. At year end it held assets of $18.2m against liabilities of $3.8m, net assets of $14.4m. It reported 250 employees.