Rehab JV LLC

Analysis

Rehab JV LLC is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2017, 9 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 September 2023, Rehab JV LLC reported income of $81.6m and spending of $83.9m, spending 103% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $10.2m to $81.6m (+701%), an average of +100% a year. The sharpest change came in the year to September 2021, when income rose by 474%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rehab JV LLC sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Qlarant Integrity Solutions LLC ($81.5m), Penn Highlands Healthcare ($81.7m) and Central Oklahoma American Indian Health Council Inc ($81.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $993k (1.2% of expenses). Other salaries and wages came to $43.3m. At year end it held assets of $79.3m against liabilities of $77.0m, net assets of $2.3m. It reported 819 employees.