Ashe Memorial Hospital Inc

Analysis

Ashe Memorial Hospital Inc is a registered charity in United States, based in Jefferson, NC. It received its IRS tax-exemption ruling in November 1942, 84 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 December 2023, Ashe Memorial Hospital Inc reported income of $51.4m and spending of $48.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.5m to $51.4m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ashe Memorial Hospital Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include New England Life Flight Inc ($51.4m), Hale Makua Health Services ($51.4m) and Marillac Community Health Centers ($51.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Other salaries and wages came to $17.6m. At year end it held assets of $25.6m against liabilities of $6.3m, net assets of $19.3m. It reported 417 employees.