Alamance Regional Medical Center

Analysis

Alamance Regional Medical Center is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 1938, 88 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, Alamance Regional Medical Center reported income of $376.2m and spending of $329.3m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $318.1m to $376.2m (+18%), an average of +4.3% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alamance Regional Medical Center 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 Saint Lukes East Hospital ($376.2m), Southwest Behavioral Health Management Inc ($376.4m) and New York-Presbyterian Fund Inc ($375.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $90.7m. At year end it held assets of $720.0m against liabilities of $39.3m, net assets of $680.7m. It reported 2,611 employees.