Alamance Regional Medical Center
1200 N Elm St, Greensboro, NC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $107,512,685 | $95,180,573 | $739,985,427 |
| FY2023 | $376,242,521 | $329,282,769 | $680,689,845 |
| FY2022 | $368,414,983 | $344,461,254 | $633,730,093 |
| FY2021 | $357,153,481 | $302,467,705 | $609,776,364 |
| FY2020 | $318,447,646 | $283,834,122 | $555,098,668 |
| FY2019 | $318,053,457 | $285,983,000 | $520,966,258 |
| FY2018 | $283,710,877 | $247,565,163 | $488,896,035 |
| FY2017 | $276,185,464 | $235,900,438 | $452,729,275 |
| FY2016 | $253,573,474 | $227,719,889 | $411,129,642 |
| FY2015 | $249,758,210 | $225,048,759 | $388,245,954 |
| FY2014 | $232,726,988 | $213,785,665 | $365,333,678 |
| FY2013 | $178,214,022 | $163,349,919 | $280,057,153 |
| FY2012 | $229,028,597 | $216,702,393 | $185,668,626 |
| FY2011 | $236,083,941 | $224,081,998 | $173,661,777 |
Form 990 filings
The returns filed by Alamance Regional Medical Center (EIN 56-0529994), 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 | $87,409 | <1% |
| Program service revenue | $106,051,214 | 99% |
| Other revenue | $1,374,062 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $85,662,516 | 90% |
| Management & general | $9,518,057 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2024. That is higher than 65.2% of 92 Health Care organizations in NC.
- Net assets covered about 93.3 months of expenses at the end of the reporting year. That puts it in the 88th percentile among 512 Health Care organizations in NC.
- Total revenue was higher than 93.1% of 524 Health Care organizations in NC.
- Total revenue fell from $236,083,941 in FY2011 to $107,512,685 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $376,242,521 in FY2023.
- Net assets grew from $173,661,777 to $739,985,427 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
WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE.
IRS status
| Ruling year | 1938 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in NC) |
| 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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