Rex Hospital Inc

Analysis

Rex Hospital Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1986, 40 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, Rex Hospital Inc reported income of $1.62bn and spending of $1.62bn, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.39bn to $1.62bn (+17%), an average of +4.0% a year. 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, Rex Hospital Inc 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 Washington Hospital Center Corporation ($1.62bn), Maimonides Medical Center- ($1.62bn) and Main Line Hospitals Inc ($1.61bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6.1m (0.4% of expenses). Other salaries and wages came to $600.5m. At year end it held assets of $1.82bn against liabilities of $871.0m, net assets of $945.1m. It reported 8,825 employees.