Southeastern Regional Medical Center

Analysis

Southeastern Regional Medical Center is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in February 2011, 15 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, Southeastern Regional Medical Center reported income of $304.1m and spending of $336.5m, spending 111% of what it took in. Across the 6 years on record, from September 2018 to June 2023, income grew from $283.6m to $304.1m (+7.2%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southeastern 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 St Josephs Hospital Yonkers ($304.0m), Pacmed Clinics ($304.7m) and Integris South Oklahoma City Hospital Corporation ($303.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $108.8m. At year end it held assets of $336.0m against liabilities of $215.7m, net assets of $120.3m. It reported 2,171 employees.