Centra Health Foundation

Analysis

Centra Health Foundation is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in August 1994, 32 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, Centra Health Foundation reported income of $19.3m and spending of $7.2m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $19.3m (+236%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 379%. Over the whole period it spent 51% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centra Health Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Scott & White Healthcare Foundation ($19.3m), Neurology Associates of Stony Brook University Faculty Practice Corp ($19.3m) and Baystate Health Foundation Inc ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. Compensation of current officers, directors and key employees was $297k (4.1% of expenses). Other salaries and wages came to $437k. At year end it held assets of $84.3m against liabilities of $3.5m, net assets of $80.8m. It reported 9 employees.