Princeton Memorial Company

Analysis

Princeton Memorial Company is a registered charity in United States, based in Princeton, WV. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Princeton Memorial Company reported income of $15.7m and spending of $14.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $15.7m (+24%), an average of +5.4% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Princeton Memorial Company sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WV. Charities of a similar size with the same main cause include Primary Care of Southwest Georgia ($15.7m), Straith Hospital for Special Surgery ($15.7m) and Gigis Playhouse Inc ($15.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $693k (4.7% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $13.4m against liabilities of $1.2m, net assets of $12.1m. It reported 247 employees.