WRMC Hospital Operating Corporation

Analysis

WRMC Hospital Operating Corporation is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in April 2014, 12 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 December 2023, WRMC Hospital Operating Corporation reported income of $143.8m and spending of $136.8m, spending 95% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $79.8m to $143.8m (+80%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, WRMC Hospital Operating Corporation 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 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include The Guthrie Clinic ($143.8m), Prairie Lakes Health Care System Inc ($143.8m) and United Medical Associates PC ($143.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $640k (0.5% of expenses). Other salaries and wages came to $49.5m. At year end it held assets of $126.6m against liabilities of $52.6m, net assets of $74.0m.