Webster Memorial Hospital Inc

Analysis

Webster Memorial Hospital Inc is a registered charity in United States, based in Webster Springs, WV. It received its IRS tax-exemption ruling in July 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, Webster Memorial Hospital Inc reported income of $16.6m and spending of $20.1m, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $19.2m to $16.6m (-13%), an average of -14% a year. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Webster Memorial Hospital Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within WV. Charities of a similar size with the same main cause include Camden on Gauley Medical Center Inc ($16.6m), Maryland Medicine P a ($16.6m) and Lymphoma Research Foundation ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $10.0m. At year end it held assets of $5.8m against liabilities of $2.5m, net assets of $3.4m. It reported 225 employees.