Appalachian Regional Medicalassociates Inc

Analysis

Appalachian Regional Medicalassociates Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Appalachian Regional Medicalassociates Inc reported income of $22.1m and spending of $37.7m, spending 170% of what it took in. Across the 5 years on record, from September 2019 to June 2023, income fell from $25.4m to $22.1m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 157% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Appalachian Regional Medicalassociates Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Social Model Recovery Systems Inc ($22.1m), Broaddus Hospital Association Inc ($22.2m) and Metro Family Practice Inc ($22.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $20.5m. At year end it held assets of $13.0m against liabilities of $58.4m, net assets of -$45.4m.

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.