Blue Ridge Healthcare Hospitals Inc

Analysis

Blue Ridge Healthcare Hospitals Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in May 1931, 95 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, Blue Ridge Healthcare Hospitals Inc reported income of $306.1m and spending of $273.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $253.1m to $306.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2023, when income rose by 132%. 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, Blue Ridge Healthcare Hospitals Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Community Hospital of San Bernardino ($306.1m), University Health Systems of Eastern Carolina Inc ($307.0m) and Usc Arcadia Hospital ($306.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $117.9m. At year end it held assets of $680.1m against liabilities of $164.1m, net assets of $515.9m. It reported 1,920 employees.