Wellstar Health System Inc

Analysis

Wellstar Health System Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wellstar Health System Inc reported income of $2.12bn and spending of $1.96bn, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.54bn to $2.12bn (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellstar Health System Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include West Virginia University Hospitals Inc ($2.11bn), SSM Health Care St Louis ($2.15bn) and University of Vermont Medical Center Inc ($2.10bn).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $46.9m (2.4% of expenses). Other salaries and wages came to $1.06bn. At year end it held assets of $5.79bn against liabilities of $2.60bn, net assets of $3.19bn. It reported 10,914 employees.