Western North Carolina Community Health Services Inc

Analysis

Western North Carolina Community Health Services Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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, Western North Carolina Community Health Services Inc reported income of $27.3m and spending of $31.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.8m to $27.3m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western North Carolina Community Health Services 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 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Visiting Nurse Association and Hospice of Western New England Inc ($27.2m), Childrens Day School Inc ($27.3m) and Habitat for Humanity of Greater Nashville ($27.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.2m (3.7% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $16.8m against liabilities of $4.7m, net assets of $12.1m. It reported 329 employees.