Vidant Medical Group LLC

Analysis

Vidant Medical Group LLC is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in November 2007, 19 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 September 2023, Vidant Medical Group LLC reported income of $301.1m and spending of $413.7m, spending 137% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $242.9m to $301.1m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 133% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vidant Medical Group LLC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include BMC Health System ($299.6m), Careplus Bergen ($301.1m) and Centracare Clinic ($299.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (0.3% of expenses). Other salaries and wages came to $229.4m. At year end it held assets of $90.9m against liabilities of $89.4m, net assets of $1.5m. It reported 819 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.