Bon Secours Richmond Health System

Analysis

Bon Secours Richmond Health System is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 2017, 9 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 2022, Bon Secours Richmond Health System reported income of $1.89bn and spending of $1.70bn, spending 90% of its income. Across the 5 years on record, from August 2019 to December 2022, income grew from $25.6m to $1.89bn (+7268%), an average of +193% a year. The sharpest change came in the year to December 2020, when income rose by 17900%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bon Secours Richmond Health System sits at the 100th 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 OH. Charities of a similar size with the same main cause include Childrens Hospital Colorado ($1.88bn), HH Medstar Health Inc ($1.89bn) and Neighborhood Health Plan of Rhode Island ($1.88bn).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.6m (0.1% of expenses). Other salaries and wages came to $477.0m. At year end it held assets of $2.65bn against liabilities of $434.6m, net assets of $2.22bn. It reported 6,994 employees.