Wayne Memorial Hospital Inc

Analysis

Wayne Memorial Hospital Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in January 1986, 40 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 June 2023, Wayne Memorial Hospital Inc reported income of $353.3m and spending of $319.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $298.8m to $353.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wayne Memorial Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Medical Associates of Englewood PC ($353.3m), Northeast Georgia Health System Inc ($353.5m) and McLeod Loris Seacoast Hospital ($353.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.6m (1.1% of expenses). At year end it held assets of $456.4m against liabilities of $164.1m, net assets of $292.3m. It reported 1,957 employees.