Washington Regional Medicorp

Analysis

Washington Regional Medicorp is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Washington Regional Medicorp reported income of $10.8m and spending of $10.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $10.8m (+865%), an average of +76% a year. The sharpest change came in the year to December 2020, when income rose by 408%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washington Regional Medicorp sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Albany Med Health System ($10.8m), Missouri Family Health Council Inc ($10.8m) and Regional West Garden County ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $30 against liabilities of $0, net assets of $30.

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.