Renown Regional Medical Center

Analysis

Renown Regional Medical Center is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in October 1985, 41 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, Renown Regional Medical Center reported income of $1.17bn and spending of $1.10bn, spending 94% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $901.3m to $1.17bn (+30%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 114%. 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, Renown Regional Medical Center sits at the 99th 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 NV. Charities of a similar size with the same main cause include Lakeland Regional Medical Center Inc ($1.16bn), First Health of the Carolinas Inc ($1.17bn) and St Lukes Hospital of Kansas City ($1.16bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $382.6m. At year end it held assets of $800.7m against liabilities of $931.4m, net assets of -$130.7m.