Stedman-Wade Health Services Inc

Analysis

Stedman-Wade Health Services Inc is a registered charity in United States, based in Wade, NC. It received its IRS tax-exemption ruling in September 1980, 46 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 January 2024, Stedman-Wade Health Services Inc reported income of $8.8m and spending of $7.8m, spending 89% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $6.0m to $8.8m (+47%), an average of +10% a year. The sharpest change came in the year to January 2022, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stedman-Wade Health Services Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Bourbon Heights Incorporated ($8.8m), Friends of Recovery Cafe ($8.8m) and St Thomas East End Medical Center Corporation ($8.8m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 31% and program service revenue 67% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $9.4m against liabilities of $2.1m, net assets of $7.3m. It reported 89 employees.