Goshen Medical Center Incorporated

Analysis

Goshen Medical Center Incorporated is a registered charity in United States, based in Faison, NC. It received its IRS tax-exemption ruling in August 1979, 47 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, Goshen Medical Center Incorporated reported income of $56.4m and spending of $49.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.6m to $56.4m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Goshen Medical Center Incorporated 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 The Bellevue Hospital ($56.3m), Thedacare Medical Center-Waupaca Inc ($56.4m) and Schoolcraft Memorial Hospital ($56.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $722k (1.4% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $85.9m against liabilities of $6.4m, net assets of $79.5m. It reported 589 employees.