Whatley Health Services Inc

Analysis

Whatley Health Services Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in November 1977, 49 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 December 2023, Whatley Health Services Inc reported income of $26.8m and spending of $25.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.2m to $26.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Whatley Health Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Town and Country Manor Christian & Missionary Alliance ($26.8m), Eagle Hill Foundation of Massachusetts Inc ($26.8m) and Lawrence Hall ($26.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $576k (2.2% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $20.3m against liabilities of $1.9m, net assets of $18.4m. It reported 198 employees.