Mon Health Marion Neighborhood Hospital Inc

Analysis

Mon Health Marion Neighborhood Hospital Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in June 2022, 4 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, Mon Health Marion Neighborhood Hospital Inc reported income of $9.0m and spending of $9.7m, spending 108% of what it took in. Across the 3 years on record, from June 2022 to December 2023, income grew from $3.0m to $9.0m (+205%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 184%. Over the whole period it spent 138% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mon Health Marion Neighborhood Hospital Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Special Kids - Special Families Inc ($9.0m), Healthcare Financial Management Educational Foundation ($9.0m) and Childrens Health Care Services Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $13.9m against liabilities of $23.4m, net assets of -$9.5m. It reported 56 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.