Renown Health

Analysis

Renown Health 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renown Health reported income of $240.7m and spending of $279.6m, spending 116% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $165.1m to $240.7m (+46%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Renown Health sits at the 97th percentile: it is larger than about 97% of them. 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 Allen Institute ($240.4m), Baptist Memorial Medical Group Inc ($241.6m) and Lake Regional Health System ($240.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.6m (0.9% of expenses). Other salaries and wages came to $98.2m. At year end it held assets of $434.6m against liabilities of $87.4m, net assets of $347.2m. It reported 8,856 employees.