Liability Insurance Trust for Monongalia Health System Inc and M

Analysis

Liability Insurance Trust for Monongalia Health System Inc and M is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Liability Insurance Trust for Monongalia Health System Inc and M reported income of $1.9m and spending of $4.7m, spending 242% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $686k to $1.9m (+180%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 475%. 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, Liability Insurance Trust for Monongalia Health System Inc and M sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within WV. Charities of a similar size with the same main cause include Choices Medical Services PC ($1.9m), Sojourner House Inc ($1.9m) and Threshold Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 103% of the total. Compensation of current officers, directors and key employees was $25k (0.5% of expenses). Other salaries and wages came to $237k. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m.