Faith Regional Health Services

Analysis

Faith Regional Health Services is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in July 1996, 30 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, Faith Regional Health Services reported income of $275.3m and spending of $272.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $247.6m to $275.3m (+11%), an average of +2.7% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Faith Regional Health Services 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 NE. Charities of a similar size with the same main cause include Community Blood Center ($274.8m), Lake Pointe Operating Company LLC ($275.4m) and Adventist Health System Georgia Inc ($274.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.4m (0.9% of expenses). Other salaries and wages came to $124.2m. At year end it held assets of $267.0m against liabilities of $98.0m, net assets of $168.9m. It reported 1,749 employees.