Cumberland County Hospital System Inc

Analysis

Cumberland County Hospital System Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in February 1969, 57 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, Cumberland County Hospital System Inc reported income of $1.26bn and spending of $1.21bn, spending 96% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $1.15bn to $1.26bn (+9.7%), an average of +3.1% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cumberland County Hospital System Inc sits at the 99th 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 Village Senior Services Corporation ($1.26bn), Group Health Inc ($1.26bn) and Virginia Mason Medical Center ($1.25bn).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $4.1m (0.3% of expenses). Other salaries and wages came to $449.3m. At year end it held assets of $1.45bn against liabilities of $760.7m, net assets of $687.3m. It reported 8,417 employees.