Memorial Hospital-West Volusia Inc

Analysis

Memorial Hospital-West Volusia Inc is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in November 1994, 32 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 December 2023, Memorial Hospital-West Volusia Inc reported income of $250.4m and spending of $209.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174.8m to $250.4m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital-West Volusia Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include St Luke S Hospital- Grand View Campus ($250.0m), Neighborhealth Corporation ($250.6m) and Albany Med Health System ($249.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.5m (1.2% of expenses). Other salaries and wages came to $51.3m. At year end it held assets of $246.8m against liabilities of $60.0m, net assets of $186.8m. It reported 1,463 employees.