Washington Reginal Medical System

Analysis

Washington Reginal Medical System is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 December 2023, Washington Reginal Medical System reported income of $97.9m and spending of $154.4m, spending 158% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $76.3m to $97.9m (+28%), an average of +5.1% a year. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Reginal Medical System 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 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Agnes Scott College ($97.6m), Goodwill Industries of the Chesapeake Inc ($98.0m) and Lee University ($97.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $216k (0.1% of expenses). Other salaries and wages came to $111.0m. At year end it held assets of $43.6m against liabilities of $34.5m, net assets of $9.2m. It reported 897 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.