North Carolina Baptist Hospital

Analysis

North Carolina Baptist Hospital is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in December 2003, 23 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, North Carolina Baptist Hospital reported income of $2.97bn and spending of $2.93bn, spending 98% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.91bn to $2.97bn (+56%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Carolina Baptist Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Honorhealth ($2.94bn), Norton Hospitals Inc ($3.00bn) and Corewell Health ($2.93bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $24.6m (0.8% of expenses). Other salaries and wages came to $748.0m. At year end it held assets of $2.40bn against liabilities of $904.3m, net assets of $1.50bn.