Riverside Healthcare Association Inc

Analysis

Riverside Healthcare Association Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in April 2010, 16 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, Riverside Healthcare Association Inc reported income of $2.32bn and spending of $2.29bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.70bn to $2.32bn (+36%), an average of +8.1% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverside Healthcare Association Inc 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 Ascension Health Alliance ($2.17bn), University Health Network ($2.43bn) and Park Nicollet ($2.00bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $37.2m (1.6% of expenses). Other salaries and wages came to $793.4m. At year end it held assets of $1.57bn against liabilities of $936.5m, net assets of $631.4m. It reported 11,319 employees.