Vcu Health Tappahannock Hospital

Analysis

Vcu Health Tappahannock Hospital is a registered charity in United States, based in Tappahannock, VA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vcu Health Tappahannock Hospital reported income of $66.2m and spending of $67.3m, spending 102% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $28.7m to $66.2m (+131%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vcu Health Tappahannock Hospital sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include The Gog Foundation Inc ($66.1m), Northeast Behavioral Health Corporation ($66.3m) and Brevard Health Alliance Inc ($66.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $347k (0.5% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $166.6m against liabilities of $156.8m, net assets of $9.9m. It reported 317 employees.