Wellstar Spalding Regional Hospital Inc

Analysis

Wellstar Spalding Regional Hospital Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in October 2016, 10 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 2023, Wellstar Spalding Regional Hospital Inc reported income of $164.6m and spending of $171.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $140.8m to $164.6m (+17%), an average of +4.0% a year. 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, Wellstar Spalding Regional Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Mhic ($164.5m), Mercy-Memorial Hospital Corporation ($164.9m) and 26 Health Inc ($164.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.7m (1.0% of expenses). Other salaries and wages came to $79.0m. At year end it held assets of $265.8m against liabilities of $218.7m, net assets of $47.1m. It reported 1,175 employees.