Hospital for Extended Recovery

Analysis

Hospital for Extended Recovery is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in June 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Hospital for Extended Recovery reported income of $10.8m and spending of $11.2m, spending 104% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $8.1m to $10.8m (+34%), an average of +7.5% a year. The sharpest change came in the year to May 2020, when income rose by 29%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospital for Extended Recovery sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Grace Medical Center Inc ($10.8m), Mercyhealth Visiting Nurses Association Inc ($10.8m) and Varp Inc ($10.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $194k (1.7% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $10.7m against liabilities of $3.5m, net assets of $7.3m. It reported 99 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.