Alleghany County Memorial Hospital Inc

Analysis

Alleghany County Memorial Hospital Inc is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in March 1952, 74 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 September 2023, Alleghany County Memorial Hospital Inc reported income of $14.8m and spending of $17.1m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.1m to $14.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2020, when income rose by 45%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alleghany County Memorial Hospital Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Friendship Health Center Inc ($14.8m), Healthcare in Action Inc ($14.8m) and Pureview Health Center ($14.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.7% and program service revenue 92% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $22.3m against liabilities of $9.2m, net assets of $13.1m. It reported 148 employees.