Sentara Hospitals

Analysis

Sentara Hospitals is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Sentara Hospitals reported income of $3.99bn and spending of $3.50bn, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.69bn to $3.99bn (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sentara Hospitals 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 Mount Sinai Hospital ($3.95bn), Novant Health Inc ($4.02bn) and Commonspirit Health ($3.88bn).

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 $12.1m (0.3% of expenses). Other salaries and wages came to $1.21bn. At year end it held assets of $2.46bn against liabilities of $484.9m, net assets of $1.97bn. It reported 17,900 employees.