Boone Memorial Hospital Inc
701 Madison Ave, Madison, WV · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $106,642,311 | $96,168,445 | $34,954,655 |
| FY2024 | $87,824,630 | $84,878,404 | $24,480,789 |
| FY2023 | $72,177,450 | $70,345,825 | $21,534,563 |
| FY2022 | $67,370,697 | $65,156,148 | $19,702,938 |
| FY2021 | $58,312,219 | $54,144,357 | $17,488,389 |
| FY2020 | $49,892,559 | $47,267,041 | $13,320,527 |
| FY2019 | $44,142,075 | $41,554,773 | $10,695,009 |
| FY2018 | $35,550,544 | $37,384,258 | $8,107,707 |
| FY2017 | $34,129,710 | $34,098,623 | $9,941,421 |
| FY2016 | $28,624,567 | $27,279,563 | $9,910,334 |
| FY2015 | $28,439,507 | $26,889,805 | $8,565,330 |
| FY2014 | $29,062,910 | $28,826,621 | $7,015,628 |
| FY2013 | $26,064,837 | $26,197,238 | $6,779,339 |
Form 990 filings
The returns filed by Boone Memorial Hospital Inc (EIN 55-0477361), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $4,109,973 | 4% |
| Program service revenue | $100,974,171 | 95% |
| Other revenue | $1,558,167 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $86,640,649 | 90% |
| Management & general | $8,979,814 | 9% |
| Fundraising | $547,982 | 1% |
What the numbers show
- Program service revenue made up 95% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 9%, and fundraising 1%.
- 90% of functional expenses went to program services in FY2025. That is higher than 85.5% of 55 Health Care organizations in WV.
- Net assets covered about 4.4 months of expenses at the end of the reporting year. That puts it in the 28th percentile among 183 Health Care organizations in WV.
- Total revenue was higher than 92% of 187 Health Care organizations in WV.
- Total revenue rose from $26,064,837 in FY2013 to $106,642,311 in FY2025. Revenue increased in 11 and decreased in 1 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 13 reported years (FY2013, FY2018).
- Net assets grew from $6,779,339 to $34,954,655 between FY2013 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Boone Memorial Hospital strives to supply a comprehensive range of inpatient and outpatient services.
IRS status
| Ruling year | 2012 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E22 — Health Care (in WV) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Camden-Clark Physician Corporation — Parkersburg, WV · $107,558,624
- Jefferson Memorial Hospital — Ranson, WV · $100,854,758
- Davis Memorial Hospital — Elkins, WV · $115,130,875
- Weirton Medical Center Inc — Weirton, WV · $116,324,697
- Potomac Valley Hospital Inc — Keyser, WV · $95,559,235
- St Josephs Hospital of Buckhannon Inc — Buckhannon, WV · $131,068,613
- Valley Health Systems Inc — Huntington, WV · $73,376,474
- Preston Memorial Hospital Corporation — Kingwood, WV · $63,938,773
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.