Carilion New River Valley Medical Center
PO Box 12385, Roanoke, VA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $407,769,472 | $327,909,212 | $481,415,735 |
| FY2024 | $358,113,887 | $299,102,268 | $413,804,623 |
| FY2023 | $298,379,865 | $278,301,998 | $354,427,194 |
| FY2022 | $300,257,287 | $283,842,583 | $331,887,153 |
| FY2021 | $312,850,170 | $248,673,906 | $336,940,272 |
| FY2020 | $256,963,419 | $224,096,504 | $269,258,645 |
| FY2019 | $259,715,753 | $211,681,591 | $273,411,835 |
| FY2018 | $240,936,069 | $204,531,227 | $262,028,792 |
| FY2017 | $225,044,269 | $194,751,731 | $217,610,098 |
| FY2016 | $213,464,704 | $181,715,019 | $182,684,438 |
| FY2015 | $206,068,312 | $167,327,768 | $180,872,624 |
| FY2014 | $192,922,504 | $154,758,159 | $176,476,151 |
| FY2013 | $175,587,225 | $144,776,686 | $144,600,004 |
| FY2012 | $159,031,960 | $138,239,305 | $106,923,844 |
Form 990 filings
The returns filed by Carilion New River Valley Medical Center (EIN 54-0553805), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $352,596 | <1% |
| Program service revenue | $372,060,041 | 91% |
| Other revenue | $35,356,835 | 9% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $263,258,445 | 80% |
| Management & general | $64,650,767 | 20% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 91% of total revenue in FY2025.
- Program services accounted for 80% of functional expenses, management & general 20%, and fundraising 0%.
- 80% of functional expenses went to program services in FY2025. That is higher than 38.5% of 91 Health Care organizations in VA.
- Net assets covered about 17.6 months of expenses at the end of the reporting year. That puts it in the 57th percentile among 538 Health Care organizations in VA.
- Total revenue was higher than 96.9% of 552 Health Care organizations in VA.
- Total revenue rose from $159,031,960 in FY2012 to $407,769,472 in FY2025. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $106,923,844 to $481,415,735 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
OUR MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH OUR COMMITMENT TO A COMMON PURPOSE OF BETTER PATIENT CARE, BETTER COMMUNITY HEALTH, AND LOWER COST.
IRS status
| Ruling year | 1941 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
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