Roane County Medical Center

Analysis

Roane County Medical Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in September 2009, 17 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 December 2023, Roane County Medical Center reported income of $46.5m and spending of $46.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.8m to $46.5m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Roane County Medical Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Union Community Care ($46.5m), C C Young Memorial Home ($46.5m) and Pace Iowa ($46.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $198k (0.4% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $51.2m against liabilities of $4.1m, net assets of $47.1m. It reported 376 employees.