Conway Hospital Inc

Analysis

Conway Hospital Inc is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in January 1955, 71 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 September 2023, Conway Hospital Inc reported income of $323.2m and spending of $309.1m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $198.4m to $323.2m (+63%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Conway 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 SC. Charities of a similar size with the same main cause include Thibodaux Regional Health System Inc ($323.1m), Carle Health Medical Group ($323.6m) and Saint Josephs Hospital Inc ($322.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $7.4m (2.4% of expenses). Other salaries and wages came to $118.2m. At year end it held assets of $725.8m against liabilities of $266.5m, net assets of $459.3m. It reported 2,296 employees.