Roanoke Valley Health Services Inc

Analysis

Roanoke Valley Health Services Inc is a registered charity in United States, based in Roanoke Rapid, NC. It received its IRS tax-exemption ruling in May 1996, 30 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 2023, Roanoke Valley Health Services Inc reported income of $3.0m and spending of $4.3m, spending 142% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.0m to $3.0m (-67%), an average of -24% a year. The sharpest change came in the year to September 2022, when income dropped by 68%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Roanoke Valley Health Services Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include West Fresno Health Care Coalition ($3.0m), Vision Forward Association Incorporated ($3.0m) and Institute for Population Health Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $4.4m against liabilities of $3.2m, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.