Inova Health System Foundation

Analysis

Inova Health System Foundation is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inova Health System Foundation reported income of $903.5m and spending of $62.8m, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $821.6m to $903.5m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 156%. Over the whole period it spent 8.9% 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 System Foundation 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 University of Minnesota Physicians ($902.9m), Alaska Native Tribal Health Consortium ($904.2m) and Cedars Sinai Intellectual Property Company ($898.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $1.0m (1.7% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $7.86bn against liabilities of $2.68bn, net assets of $5.18bn. It reported 54 employees.