Halifax Regional Hospital Inc

Analysis

Halifax Regional Hospital Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 1956, 70 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, Halifax Regional Hospital Inc reported income of $99.3m and spending of $128.8m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87.4m to $99.3m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Halifax Regional Hospital Inc 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 Qsac Inc ($99.3m), Upland Hills Health Inc ($99.3m) and Mental Health Systems Inc ($99.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 104% of the total. Compensation of current officers, directors and key employees was $971k (0.8% of expenses). Other salaries and wages came to $35.3m. At year end it held assets of $51.0m against liabilities of $12.4m, net assets of $38.7m. It reported 481 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.