LIFENET HEALTH
1864 CONCERT DR, VIRGINIA BCH, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $598,564,898 | $580,539,536 | $401,065,002 |
| FY2023 | $535,478,299 | $520,247,214 | $380,013,433 |
| FY2022 | $456,633,012 | $443,032,293 | $362,575,269 |
| FY2021 | $455,372,311 | $434,702,789 | $354,883,098 |
| FY2020 | $407,112,272 | $376,365,281 | $329,221,835 |
| FY2019 | $441,142,112 | $418,080,406 | $293,586,561 |
| FY2018 | $418,564,024 | $386,000,217 | $267,654,967 |
| FY2017 | $376,123,942 | $336,221,824 | $236,710,833 |
| FY2016 | $352,554,205 | $289,255,742 | $196,951,230 |
| FY2015 | $260,188,283 | $240,800,853 | $133,037,543 |
| FY2014 | $210,059,963 | $209,144,869 | $111,677,909 |
| FY2013 | $210,955,289 | $203,765,820 | $115,356,299 |
| FY2012 | $175,624,673 | $171,637,005 | $105,901,307 |
| FY2011 | $156,976,614 | $149,432,664 | $95,817,494 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $175,716 | 0% |
| Program service revenue | $587,707,741 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $496,197,866 | 85% |
| Management & general | $84,341,670 | 15% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2024. That is higher than 62% of 92 Health Care organizations in VA.
- Net assets covered about 8.3 months of expenses at the end of the reporting year. That puts it in the 35th percentile among 539 Health Care organizations in VA.
- Total revenue was higher than 98% of 553 Health Care organizations in VA.
- Total revenue rose from $156,976,614 in FY2011 to $598,564,898 in FY2024, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $95,817,494 to $401,065,002 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E65 — Health Care (in VA) |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- SENTARA RMH MEDICAL CENTER — ROCKINGHAM, VA · $575,171,713
- MCV ASSOCIATED PHYSICIANS — RICHMOND, VA · $632,316,187
- AUGUSTA HEALTH CARE INC — FISHERSVILLE, VA · $559,084,413
- AMERICAN FOUNDATION FOR DONATION AND TRANSPLANTATION — N CHESTERFLD, VA · $531,811,631
- CARILION SERVICES INC — ROANOKE, VA · $514,313,784
- UNIVERSITY OF VIRGINIA PHYSICIANS GROUP — CHARLOTTESVLE, VA · $702,399,669
- SENTARA PRINCESS ANNE HOSPITAL — VIRGINIA BCH, VA · $461,270,182
- MARTHA JEFFERSON HOSPITAL — VIRGINIA BCH, VA · $408,631,205
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.