Sentara Health Plans

Analysis

Sentara Health Plans is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in January 1986, 40 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 December 2023, Sentara Health Plans reported income of $5.25bn and spending of $5.17bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.46bn to $5.25bn (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sentara Health Plans sits at the 100th 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 Metroplus Health Plan Inc ($5.22bn), University Hospitals Health System Inc ($5.29bn) and Sutter Bay Hospitals ($5.16bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.4m (0.1% of expenses). At year end it held assets of $1.63bn against liabilities of $796.7m, net assets of $828.9m. It reported 9 employees.