Carilion Services Inc

Analysis

Carilion Services Inc 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 Services Inc reported income of $382.6m and spending of $376.0m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $285.5m to $382.6m (+34%), an average of +7.6% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carilion Services Inc sits at the 98th percentile: it is larger than about 98% of them. 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 Lakeland Care Incorporated ($382.5m), Froedtert South Inc ($382.7m) and Sentara Medical Group ($381.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9.5m (2.5% of expenses). Other salaries and wages came to $167.9m. At year end it held assets of $1.13bn against liabilities of $156.9m, net assets of $974.1m. It reported 2,465 employees.