Centra Health Inc

Analysis

Centra Health Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in March 1963, 63 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, Centra Health Inc reported income of $1.13bn and spending of $1.11bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.08bn to $1.13bn (+4.9%), an average of +1.2% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centra Health Inc sits at the 99th 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 Intermountain Front Range Inc ($1.13bn), World Federation of Hemophilia USA ($1.13bn) and Asante ($1.13bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $15.3m (1.4% of expenses). Other salaries and wages came to $471.4m. At year end it held assets of $1.50bn against liabilities of $744.7m, net assets of $760.0m. It reported 7,781 employees.