Appalachian Regional Healthcare Inc

Analysis

Appalachian Regional Healthcare Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 1964, 62 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 June 2023, Appalachian Regional Healthcare Inc reported income of $882.9m and spending of $901.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $778.2m to $882.9m (+13%), an average of +3.2% a year. Over the whole period it spent 96% 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 Healthcare Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include University Medical Center Inc ($881.9m), Sky Lakes Medical Center Inc ($887.2m) and Mercy Health Services Iowa Corp ($881.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3.2m (0.4% of expenses). Other salaries and wages came to $372.7m. At year end it held assets of $1.25bn against liabilities of $720.1m, net assets of $529.9m. It reported 6,487 employees.