Carilion Rockbridge Community Hospital

Analysis

Carilion Rockbridge Community Hospital is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in August 1955, 71 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 Rockbridge Community Hospital reported income of $75.9m and spending of $70.2m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $46.1m to $75.9m (+65%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carilion Rockbridge Community Hospital sits at the 94th percentile: it is larger than about 94% 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 American College of Physicians Inc ($75.9m), Munson Healthcare Charlevoix Hospital ($75.9m) and Zion Health ($75.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $271k (0.4% of expenses). Other salaries and wages came to $23.0m. At year end it held assets of $85.4m against liabilities of $27.4m, net assets of $58.0m. It reported 543 employees.