Inova Health System Foundation
8095 Innovation Park Dr, Fairfax, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $885,906,035 | $55,112,749 | $6,167,025,020 |
| FY2023 | $903,496,197 | $62,751,510 | $5,179,187,063 |
| FY2022 | -$714,218,363 | $62,680,221 | $4,253,770,839 |
| FY2021 | $1,284,842,416 | $47,163,476 | $5,319,330,242 |
| FY2020 | $824,217,139 | $46,657,835 | $4,141,997,886 |
| FY2019 | $821,639,394 | $58,662,095 | $3,322,505,240 |
| FY2018 | -$134,687,991 | $52,774,360 | $2,468,622,342 |
| FY2017 | $765,927,428 | $48,754,670 | $2,798,135,640 |
| FY2016 | $319,839,550 | $39,459,861 | $2,148,291,331 |
| FY2015 | $33,573,590 | $35,272,219 | $1,851,875,122 |
| FY2014 | $153,944,727 | $36,387,204 | $1,854,386,399 |
| FY2013 | $538,792,125 | $25,634,465 | $1,728,270,645 |
| FY2012 | $178,255,043 | $23,748,662 | $1,390,795,016 |
| FY2011 | $170,819,205 | $19,840,983 | $1,101,262,326 |
Form 990 filings
The returns filed by Inova Health System Foundation (EIN 54-1071867), 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 | $44,324,894 | 5% |
| Program service revenue | -$1,777,973 | -0% |
| Other revenue | $843,359,114 | 95% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $42,388,611 | 77% |
| Management & general | $1,786,437 | 3% |
| Fundraising | $10,937,701 | 20% |
What the numbers show
- Other revenue made up 95% of total revenue in FY2024.
- Program services accounted for 77% of functional expenses, management & general 3%, and fundraising 20%.
- 77% of functional expenses went to program services in FY2024. That is higher than 23.1% of 91 Health Care organizations in VA.
- Net assets covered about 1342.8 months of expenses at the end of the reporting year. That puts it in the 99th percentile among 538 Health Care organizations in VA.
- Total revenue was higher than 98.9% of 552 Health Care organizations in VA.
- Total revenue rose from $170,819,205 in FY2011 to $885,906,035 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2015, FY2018, FY2022).
- The highest revenue on record here is $1,284,842,416 in FY2021.
- Net assets grew from $1,101,262,326 to $6,167,025,020 between FY2011 and FY2024.
- 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
INOVA HEALTH SYSTEM FOUNDATION, THE PARENT COMPANY OF INOVA HEALTH SYSTEM, OVERSEES AND COORDINATES THE ACTIVITIES OF INOVA HEALTH SYSTEM TO ENSURE THAT THEY FURTHER FOUNDATION'S AND SYSTEM'S TAX-EXEMPT PURPOSES AND SERVES AS A CHARITABLE FOUNDATION TO SUPPORT INOVA'S TAX-EXEMPT ENTITIES.
IRS status
| Ruling year | 1978 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — Health Care (in VA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Virginia Hospital Center Arlington Health System — Arlington, VA · $896,410,115
- Delta Dental Plan of Virginia — Roanoke, VA · $861,540,517
- Childrens Hospital of the Kings Daughters Inc — Norfolk, VA · $820,962,150
- University of Virginia Physicians Group — Charlottesvle, VA · $702,399,669
- Mary Washington Healthcare — Fredericksbrg, VA · $1,070,313,284
- Mcv Associated Physicians — Richmond, VA · $632,316,187
- Centra Health Inc — Lynchburg, VA · $1,166,348,794
- Lifenet Health — Virginia Bch, VA · $598,564,898
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.