University Health Systems of Eastern Carolina Inc

Analysis

University Health Systems of Eastern Carolina Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in August 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, University Health Systems of Eastern Carolina Inc reported income of $307.0m and spending of $371.8m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $250.6m to $307.0m (+23%), an average of +5.2% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Health Systems of Eastern Carolina Inc sits at the 98th percentile: it is larger than about 98% of them. 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 Blue Ridge Healthcare Hospitals Inc ($306.1m), St Lukes Clinic Coordinated Care Ltd ($307.5m) and Community Hospital of San Bernardino ($306.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 107% of the total. Compensation of current officers, directors and key employees was $7.6m (2.0% of expenses). Other salaries and wages came to $123.9m. At year end it held assets of $302.6m against liabilities of $762.3m, net assets of -$459.7m.