Non-profit hospitals in North Carolina: revenue, profit and executive pay
What 31 non-profit hospital organizations covering 35 North Carolina hospitals reported to the IRS on their public Form 990: how much they took in, what they spent and what they paid their leaders.
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Non-profit hospital organizations
31 organizations
They file for 35 North Carolina hospitals listed on this site and together reported $21.7 billion in revenue.
Took in more than they spent
65%
20 reported a surplus and 11 a deficit. The typical margin (surplus as a share of revenue) was 1.5%, against 2.9% nationally.
Largest non-profit hospitals in North Carolina
By total revenue on the latest Form 990. The percentage is the margin: how much of each dollar was left after expenses.
Duke University Health System Inc
Durham · 2 hospitals in North Carolina
$4.7 billion
Margin 1.1% · Jun 2023
North Carolina Baptist Hospital
Winston-Salem
$3.0 billion
Margin 1.5% · Dec 2023
Presbyterian Hospital
Charlotte · 2 hospitals in North Carolina
$2.0 billion
Margin 13.2% · Dec 2023
The Moses H Cone Memorial Hospital Operating Corporation
Greensboro
$1.9 billion
Margin 9.5% · Sep 2023
Pitt County Memorial Hospital Inc
Greenville
$1.8 billion
Margin 6.9% · Sep 2023
Rex Hospital Inc
Raleigh
$1.6 billion
Margin 0.0% · Jun 2023
Every non-profit hospital organization in North Carolina
One row per Form 990 filing, with the North Carolina hospitals it covers. Click a column to sort. Officer pay is the total for all current officers, directors, trustees and key employees together, not one person.
| Organization | Revenue | Margin | Officer pay (total) | Net assets | Tax year | IRS filings |
|---|---|---|---|---|---|---|
| Duke University Health System Inc Duke Regional Hospital (Durham), Duke University Medical Center (Durham) | $49.6 million surplus | $11.6 million | $5.1 billion | Jun 2023 | Full Form 990 filings (ProPublica) | |
| North Carolina Baptist Hospital Winston-Salem | $45.0 million surplus | $24.6 million | $1.5 billion | Dec 2023 | Full Form 990 filings (ProPublica) | |
| Presbyterian Hospital Presbyterian Hospital (Charlotte), Presbyterian Hospital Huntersville (Huntersville) | $258.6 million surplus | $2.2 million | $2.9 billion | Dec 2023 | Full Form 990 filings (ProPublica) | |
| The Moses H Cone Memorial Hospital Operating Corporation Greensboro | $183.7 million surplus | $11.2 million | $1.5 billion | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Pitt County Memorial Hospital Inc Greenville | $121.9 million surplus | $3.7 million | $1.3 billion | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Rex Hospital Inc Raleigh | $52,000 surplus | $6.1 million | $945.1 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Forsyth Memorial Hospital Inc Winston-Salem | $2.7 million deficit | $2.5 million | $1.9 billion | Dec 2023 | Full Form 990 filings (ProPublica) | |
| Cumberland County Hospital System Inc Cape Fear Valley Medical Center (Fayetteville), Highsmith-Rainey Memorial Hosp (Fayetteville) | $50.4 million surplus | $4.1 million | $687.3 million | Sep 2022 | Full Form 990 filings (ProPublica) | |
| Gaston Memorial Hospital Inc Gastonia | $59.1 million surplus | $4.9 million | $394.5 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| High Point Regional Health High Point | $50.2 million surplus | $1.8 million | $388.9 million | Dec 2023 | Full Form 990 filings (ProPublica) | |
| Alamance Regional Medical Center Burlington | $47.0 million surplus | $0 | $680.7 million | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Wayne Memorial Hospital Inc Goldsboro | $34.2 million surplus | $3.6 million | $292.3 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Blue Ridge Healthcare Hospitals Inc Morganton | $32.7 million surplus | $0 | $515.9 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Fletcher Hospital Inc Advent Health Polk (Columbus), Adventhealth Hendersonville (Fletcher) | $23.8 million surplus | $4.6 million | $220.2 million | Dec 2023 | Full Form 990 filings (ProPublica) | |
| Scotland Memorial Hospital Incorporated Laurinburg | $29.1 million surplus | $1.3 million | $234.3 million | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Caldwell Memorial Hospital Inc Lenoir | $3.1 million surplus | $2.4 million | $77.6 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Lenoir Memorial Hospital Inc Kinston | $985,000 surplus | $1.9 million | $128.2 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Hugh Chatham Memorial Hospital Inc Elkin | $1.2 million deficit | $2.0 million | $174.3 million | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Wrmc Hospital Operating Corporation North Wilkesboro | $7.0 million surplus | $640,000 | $74.0 million | Dec 2023 | Full Form 990 filings (ProPublica) | |
| Columbus Regional Healthcare System Whiteville | $8.2 million surplus | $1.1 million | $162.1 million | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Harnett Health System Inc Dunn | $5.2 million deficit | $764,000 | $11.4 million | Sep 2022 | Full Form 990 filings (ProPublica) | |
| Murphy Medical Center Inc Murphy | $164,000 surplus | $498,000 | $10.8 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| UNC Rockingham Health Care Inc Eden | $12.2 million deficit | $740,000 | -$2.9 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Chatham Hospital Inc Siler City | $6.2 million deficit | $158,000 | -$8.8 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Ashe Memorial Hospital Inc Jefferson | $2.7 million surplus | $0 | $19.3 million | Dec 2023 | Full Form 990 filings (ProPublica) | |
| Pender Memorial Hospital Incorporated Burgaw | $1.6 million deficit | $0 | $29.3 million | Dec 2023 | Full Form 990 filings (ProPublica) | |
| Charles A Cannon Jr Memorial Hospital Inc Linville | $1.4 million deficit | $0 | $2.5 million | Jun 2023 | Full Form 990 filings (ProPublica) | |
| Alleghany County Memorial Hospital Inc Sparta | $2.3 million deficit | $0 | $13.1 million | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Good Hope Hospital Inc Erwin | $591,000 deficit | $0 | $6.0 million | Dec 2023 | Full Form 990 filings (ProPublica) | |
| The Volunteers at Wakemed Raleigh Campus Raleigh | $41,000 deficit | $0 | $77,000 | Sep 2023 | Full Form 990 filings (ProPublica) | |
| Duplin General Hospital Foundation Inc Kenansville | $19,000 deficit | $0 | $2.4 million | Sep 2023 | Full Form 990 filings (ProPublica) |
Surplus is revenue minus expenses; a negative figure is a deficit. Net assets are what the organization owns minus what it owes. When a health system files one return for several hospitals, the figures are the system's totals, which may include hospitals in other states.
How North Carolina compares with the U.S.
The typical non-profit hospital organization in North Carolina kept 1.5% of its revenue after expenses, lower than the national median of 2.9%.
| Measure | North Carolina | United States |
|---|---|---|
| Median margin | 1.5% | 2.9% |
| Share with a surplus | 65% | 65% |
| Median revenue | $192.0 million | $124.0 million |
| Median officer pay (total) | $2.3 million | $1.3 million |
Questions about non-profit hospitals in North Carolina
What are the largest non-profit hospitals in North Carolina?
By revenue on their latest IRS Form 990: Duke University Health System Inc ($4.7 billion), North Carolina Baptist Hospital ($3.0 billion), Presbyterian Hospital ($2.0 billion), The Moses H Cone Memorial Hospital Operating Corporation ($1.9 billion), Pitt County Memorial Hospital Inc ($1.8 billion). Some of these filings cover a whole health system, including hospitals in other states.
How much do non-profit hospitals in North Carolina make?
The 31 non-profit hospital organizations we matched in North Carolina reported $21.7 billion in combined revenue on their latest Form 990. 20 reported a surplus (more revenue than expenses) and 11 a deficit. The typical (median) margin was 1.5%, lower than the U.S. median of 2.9%.
Which non-profit hospital in North Carolina pays its officers the most?
North Carolina Baptist Hospital reported the highest total: $24.6 million. That is the combined pay of all its current officers, directors, trustees and key employees, not one person. Pay for each named executive is in the full filing.
Do non-profit hospitals in North Carolina pay taxes?
Non-profit hospitals are exempt from federal income tax and usually from state and local property and sales taxes. In return they are expected to provide community benefits, such as charity care, and must file a public Form 990 with the IRS each year.
North Carolina hospital finances (Medicare cost reports)
All hospitals in North Carolina
Who owns hospitals
Non-profit hospitals in every state
Source: IRS Form 990 data (Exempt Organizations Business Master File and SOI annual extracts). Organizations are matched to hospitals by legal name and address. Figures are as filed for the latest available tax year. For-profit and government hospitals don't file a Form 990, so they are not listed. About the data.