Val Verde Hospital Corporation

Analysis

Val Verde Hospital Corporation is a registered charity in United States, based in Del Rio, TX. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2022, Val Verde Hospital Corporation reported income of $78.5m and spending of $82.2m, spending 105% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $83.3m to $78.5m (-5.8%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Val Verde Hospital Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Infirmary Health System Inc ($78.4m), Covenant Health Inc ($78.5m) and Alexian Brothers Ambulatory Group ($78.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.1m (2.5% of expenses). Other salaries and wages came to $27.9m. At year end it held assets of $49.3m against liabilities of $17.0m, net assets of $32.3m. It reported 729 employees.