Regence Health Network Inc

Analysis

Regence Health Network Inc is a registered charity in United States, based in Plainview, TX. It received its IRS tax-exemption ruling in December 1973, 53 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, Regence Health Network Inc reported income of $26.5m and spending of $24.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.2m to $26.5m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regence Health Network Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Arizona Association of Community Health Centers Inc ($26.5m), Planned Parenthood of Florida Inc ($26.6m) and National Alliance of State and Territorial AIDS Directors ($26.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $4.2m (17% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $33.6m against liabilities of $2.2m, net assets of $31.3m. It reported 234 employees.