East Carolina Health

Analysis

East Carolina Health is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in January 1998, 28 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, East Carolina Health reported income of $504.1m and spending of $501.3m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $419.9m to $504.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, East Carolina Health sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include St Vincent Infirmary Medical Center ($503.7m), St Vincents Birmingham ($504.4m) and Alegent Creighton Clinic ($502.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3.4m (0.7% of expenses). Other salaries and wages came to $147.2m. At year end it held assets of $344.5m against liabilities of $131.6m, net assets of $213.0m.