Duke University Health System Inc

Analysis

Duke University Health System Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 1998, 28 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, Duke University Health System Inc reported income of $4.67bn and spending of $4.62bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.78bn to $4.67bn (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Duke University Health System 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 Sutter Valley Hospitals ($4.66bn), Fairview Health Services ($4.71bn) and Cedars-Sinai Medical Center ($4.66bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $11.6m (0.3% of expenses). Other salaries and wages came to $1.81bn. At year end it held assets of $7.96bn against liabilities of $2.84bn, net assets of $5.12bn. It reported 26,017 employees.