Valley Health System

Analysis

Valley Health System is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. 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 December 2023, Valley Health System reported income of $1.22bn and spending of $1.20bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $971.6m to $1.22bn (+26%), an average of +5.9% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Health System sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Nature Conservancy ($1.17bn), Royal Institution for the Advancement of Learning-Mcgill Uni ($1.25bn) and Commonwealth Scientific and Industrial Research Organization ($1.07bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $11.8m (1.0% of expenses). Other salaries and wages came to $349.6m. At year end it held assets of $1.65bn against liabilities of $559.0m, net assets of $1.09bn.