Wetzel County Hospital Inc

Analysis

Wetzel County Hospital Inc is a registered charity in United States, based in N Martinsvlle, WV. It received its IRS tax-exemption ruling in May 2020, 6 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, Wetzel County Hospital Inc reported income of $39.2m and spending of $36.7m, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $11.7m to $39.2m (+236%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 192%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wetzel County Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include United Home for Aged Hebrews ($39.2m), Bob Woodruff Family Foundation Inc ($39.3m) and Head Injury Association Inc ($39.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $486k (1.3% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $25.9m against liabilities of $15.5m, net assets of $10.4m. It reported 301 employees.