Harnett Health System Inc

Analysis

Harnett Health System Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in July 1941, 85 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 2022, Harnett Health System Inc reported income of $126.3m and spending of $131.5m, spending 104% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $101.4m to $126.3m (+25%), an average of +7.6% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harnett Health System Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Corewell Health ($126.3m), Amyotrophic Lateral Sclerosis Assn ($126.5m) and Salud Integral En LA Montana Inc ($126.1m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $764k (0.6% of expenses). Other salaries and wages came to $53.8m. At year end it held assets of $108.1m against liabilities of $96.6m, net assets of $11.4m. It reported 1,245 employees.