Wayne County Hospital Inc

Analysis

Wayne County Hospital Inc is a registered charity in United States, based in Monticello, KY. It received its IRS tax-exemption ruling in December 1974, 52 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 October 2023, Wayne County Hospital Inc reported income of $21.1m and spending of $21.6m, spending 102% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $16.1m to $21.1m (+31%), an average of +7.1% a year. The sharpest change came in the year to October 2020, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wayne County Hospital Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Marietta Memorial Hospital of Tyler County Inc ($21.1m), Horizons Mental Health Center ($21.1m) and Nuway Alliance ($21.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.1m (5.0% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $14.2m against liabilities of $6.7m, net assets of $7.5m. It reported 265 employees.