Williamsburg Regional Hospital

Analysis

Williamsburg Regional Hospital is a registered charity in United States, based in Kingstree, SC. It received its IRS tax-exemption ruling in February 2002, 24 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, Williamsburg Regional Hospital reported income of $6.7m and spending of $15.1m, spending 225% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $19.2m to $6.7m (-65%), an average of -23% a year. The sharpest change came in the year to September 2023, when income dropped by 73%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Williamsburg Regional Hospital sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Texas Diaper Bank ($6.7m), Boys and Girls Home Residential Treatment Centers Inc ($6.7m) and Restore Incorporated ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $3.2m against liabilities of $332k, net assets of $2.9m. It reported 177 employees.