Carilion Giles Community Hospital

Analysis

Carilion Giles Community Hospital is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1952, 74 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 Giles Community Hospital reported income of $97.6m and spending of $98.7m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $36.3m to $97.6m (+169%), an average of +28% a year. The sharpest change came in the year to September 2021, when income rose by 73%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carilion Giles Community Hospital sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Baptist Medical Center of Nassau I NC ($97.5m), Visiting Nursing Association of Western New York Inc ($97.6m) and Kings Daughters Medical Center ($97.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $271k (0.3% of expenses). Other salaries and wages came to $40.8m. At year end it held assets of $51.7m against liabilities of $56.7m, net assets of -$5.0m. It reported 779 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.