Carilion Medical Center

Analysis

Carilion Medical Center is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 1980, 46 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 September 2023, Carilion Medical Center reported income of $1.74bn and spending of $1.77bn, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.49bn to $1.74bn (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2021, when income rose by 17%. 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, Carilion Medical Center 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 VA. Charities of a similar size with the same main cause include Baylor University Medical Center ($1.73bn), Geisinger Clinic ($1.75bn) and St Jude Childrens Research Hospital Inc ($1.71bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.1m (0.2% of expenses). Other salaries and wages came to $637.9m. At year end it held assets of $1.99bn against liabilities of $1.03bn, net assets of $955.5m. It reported 10,196 employees.