Renown South Meadows Medical Center

Analysis

Renown South Meadows Medical Center is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in March 2004, 22 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, Renown South Meadows Medical Center reported income of $183.9m and spending of $166.2m, spending 90% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $154.9m to $183.9m (+19%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Renown South Meadows Medical Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NV. Charities of a similar size with the same main cause include Fort Hamilton Hospital ($183.7m), Trinity Regional Medical Center ($184.1m) and Hackensack Meridian Health Medical Group - Primary Care PC ($183.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $59.2m. At year end it held assets of $176.8m against liabilities of $175.8m, net assets of $1.0m.