Inova Health Care Services

Analysis

Inova Health Care Services is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in February 1965, 61 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 2023, Inova Health Care Services reported income of $5.67bn and spending of $5.41bn, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.23bn to $5.67bn (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Inova Health Care Services 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 Providence Health & Services Oregon ($5.47bn), Indiana University Health Inc ($5.75bn) and Allina Health System ($5.38bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $22.0m (0.4% of expenses). Other salaries and wages came to $2.44bn. At year end it held assets of $7.35bn against liabilities of $3.11bn, net assets of $4.23bn. It reported 27,723 employees.