Sentara Medical Group

Analysis

Sentara Medical Group is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in November 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sentara Medical Group reported income of $381.4m and spending of $421.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $276.0m to $381.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sentara Medical Group 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 Medical Faculty Associates Inc ($380.8m), Lakeland Care Incorporated ($382.5m) and Community Mercy Health Partners ($380.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11.2m (2.7% of expenses). Other salaries and wages came to $368.6m. At year end it held assets of $105.6m against liabilities of $93.2m, net assets of $12.4m. It reported 2,128 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.