Carilion Tazewell Community Hospital

Analysis

Carilion Tazewell Community Hospital is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in July 1968, 58 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 September 2023, Carilion Tazewell Community Hospital reported income of $21.0m and spending of $27.9m, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.8m to $21.0m (+33%), an average of +7.5% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carilion Tazewell Community Hospital sits at the 89th percentile: it is larger than about 89% 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 Vna Inc ($21.0m), Nuway Alliance ($21.1m) and Mid-State Health Center ($21.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $123k (0.4% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $8.5m against liabilities of $47.7m, net assets of -$39.2m. It reported 254 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.