FORSYTH MEMORIAL HOSPITAL INC
2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $1,560,678,254 | $1,566,534,081 | $3,008,094,028 |
| FY2023 | $1,442,088,470 | $1,444,760,573 | $1,895,881,390 |
| FY2022 | $1,377,864,424 | $1,409,445,707 | $1,905,619,517 |
| FY2021 | $1,668,189,599 | $1,527,559,495 | $1,942,187,541 |
| FY2020 | $1,551,372,846 | $1,443,848,191 | $1,803,281,252 |
| FY2019 | $1,507,111,921 | $1,399,421,017 | $1,698,930,575 |
| FY2018 | $1,417,035,882 | $1,296,704,213 | $1,596,365,579 |
| FY2017 | $1,326,371,862 | $1,200,206,697 | $1,462,490,917 |
| FY2016 | $1,315,503,470 | $1,157,063,261 | $1,342,695,319 |
| FY2015 | $1,246,823,158 | $1,124,738,588 | $1,186,222,993 |
| FY2014 | $1,136,460,611 | $1,061,492,177 | $1,073,076,693 |
| FY2013 | $1,075,249,877 | $995,436,492 | $1,006,253,393 |
| FY2012 | $1,064,033,358 | $958,137,115 | $938,886,451 |
| FY2011 | $955,487,181 | $902,773,253 | $842,874,278 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $3,391,417 | 0% |
| Program service revenue | $1,547,493,100 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,283,674,772 | 82% |
| Management & general | $282,859,309 | 18% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 82% of functional expenses, management & general 18%, and fundraising 0%.
- 82% of functional expenses went to program services in FY2024. That is higher than 30.4% of 92 Health Care organizations in NC.
- Net assets covered about 23 months of expenses at the end of the reporting year. That puts it in the 68th percentile among 510 Health Care organizations in NC.
- Total revenue was higher than 98.7% of 522 Health Care organizations in NC.
- Total revenue rose from $955,487,181 in FY2011 to $1,560,678,254 in FY2024, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2022, FY2023, FY2024).
- The highest revenue on record here is $1,668,189,599 in FY2021.
- Net assets grew from $842,874,278 to $3,008,094,028 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 | 1969 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in NC) |
| Donations | Donations are generally tax-deductible (public charity). |
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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.
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