The Valley Hospital Association Inc

Analysis

The Valley Hospital Association Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in May 1948, 78 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, The Valley Hospital Association Inc reported income of $59.6m and spending of $26.7m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.8m to $59.6m (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Valley Hospital Association Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include Immanuel ($59.5m), Shenandoah Medical Center ($59.7m) and Kidspeace National Centers Inc ($59.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $620k (2.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $398.3m against liabilities of $9.1m, net assets of $389.3m. It reported 34 employees.