Carilion Clinic

Analysis

Carilion Clinic is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Carilion Clinic reported income of $34.8m and spending of $40.1m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $42.8m to $34.8m (-19%), an average of -5.0% a year. The sharpest change came in the year to September 2023, when income dropped by 20%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carilion Clinic sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Heartland Alliance Health ($34.8m), Frio Hospital Association ($34.9m) and Peoria Hospitals Mobile Medical Services ($34.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $266k (0.7% of expenses). At year end it held assets of $276.2m against liabilities of $170.6m, net assets of $105.6m.