The Outer Bank Hospital Inc

Analysis

The Outer Bank Hospital Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in March 2000, 26 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, The Outer Bank Hospital Inc reported income of $128.7m and spending of $116.9m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $98.6m to $128.7m (+31%), an average of +6.9% a year. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Outer Bank Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Arkansas Childrens Northwest Inc ($128.7m), American Academy of Pediatrics Inc ($128.8m) and Baystate Franklin Medical Center ($128.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $811k (0.7% of expenses). Other salaries and wages came to $41.0m. At year end it held assets of $139.6m against liabilities of $22.6m, net assets of $117.1m.