Shannon West Texas Memorial Hospital

Analysis

Shannon West Texas Memorial Hospital is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in March 1937, 89 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 September 2023, Shannon West Texas Memorial Hospital reported income of $17.6m and spending of $33.9m, spending 192% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.9m to $17.6m (+79%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 177%. Over the whole period it spent 157% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shannon West Texas Memorial Hospital sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Life Management Center of Northwest Florida Inc ($17.6m), A G Rhodes Home Inc at Wesley Woods ($17.6m) and Aspirus Eagle River Hospital Inc ($17.6m).

Compensation of current officers, directors and key employees was $157k (0.5% of expenses). Other salaries and wages came to $144k. At year end it held assets of $598.9m against liabilities of $81.3m, net assets of $517.6m. It reported 2 employees.