Valley Healthcare System Inc

Analysis

Valley Healthcare System Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in August 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 June 2023, Valley Healthcare System Inc reported income of $11.8m and spending of $11.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $11.8m (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Healthcare System Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Sisters of Mercy Urgent Care Inc ($11.8m), Vegetus Foundation ($11.8m) and Scholarship Foundation of St Louis ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $594k (5.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $13.1m against liabilities of $3.5m, net assets of $9.5m. It reported 125 employees.