High Point Regional Health

Analysis

High Point Regional Health is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in May 1945, 81 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 December 2023, High Point Regional Health reported income of $508.7m and spending of $458.5m, spending 90% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $382.8m to $508.7m (+33%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, High Point Regional Health 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 Bowling Green-Warren County Community Hospital Corporation ($508.0m), Devereux Foundation ($509.3m) and Candler Hospital Incorporated ($507.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.8m (0.4% of expenses). Other salaries and wages came to $144.4m. At year end it held assets of $430.9m against liabilities of $42.0m, net assets of $388.9m.