Blue Ridge Healthcare Systems Inc

Analysis

Blue Ridge Healthcare Systems Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2023, Blue Ridge Healthcare Systems Inc reported income of $5.1m and spending of $5.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $6.8m to $5.1m (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blue Ridge Healthcare Systems Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Bethany Home of Rhode Island ($5.1m), Association of Black Cardiologists ($5.1m) and Unite for Her ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $117.3m against liabilities of $122.4m, net assets of -$5.2m.

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.