Carilion New River Valley Medical Center

Analysis

Carilion New River Valley Medical Center is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in November 1941, 85 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 New River Valley Medical Center reported income of $298.4m and spending of $278.3m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $259.7m to $298.4m (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carilion New River Valley Medical Center sits at the 98th percentile: it is larger than about 98% of them. 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 St Helena Hospital ($298.0m), Paulding Medical Center Inc ($298.4m) and Public Health Institute ($297.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $352k (0.1% of expenses). Other salaries and wages came to $74.0m. At year end it held assets of $440.6m against liabilities of $86.2m, net assets of $354.4m. It reported 1,880 employees.