Carilion Clinic Foundation

Analysis

Carilion Clinic Foundation 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 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 September 2023, Carilion Clinic Foundation reported income of $7.2m and spending of $2.7m, leaving 63% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $10.5m to $7.2m (-31%), an average of -8.9% a year. The sharpest change came in the year to September 2021, when income rose by 662%. Over the whole period it spent 17% 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 Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include New Bridge Foundation Inc ($7.2m), Global Healthy Living Foundationinc ($7.2m) and Maple Manor Care Center ($7.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $419k (15% of expenses). Other salaries and wages came to $433k. At year end it held assets of $58.9m against liabilities of $179k, net assets of $58.7m. It reported 10 employees.