New Hanover Regional Medical Center Foundation Inc

Analysis

New Hanover Regional Medical Center Foundation Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hanover Regional Medical Center Foundation Inc reported income of $4.4m and spending of $2.5m, leaving 43% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $2.5m to $4.4m (+74%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 111%. Over the whole period it spent 38% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Hanover Regional Medical Center Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Serenity Lane Health Services ($4.4m), The Young Living Foundation ($4.4m) and National Healthcare Research and Education Finance Corporation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $123.5m against liabilities of $395k, net assets of $123.2m.