REX HOSPITAL INC
4420 LAKE BOONE TRL, RALEIGH, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,916,498,283 | $1,795,864,521 | $1,233,388,719 |
| FY2024 | $1,733,107,391 | $1,722,487,808 | $1,032,601,725 |
| FY2023 | $1,623,067,183 | $1,623,015,427 | $945,100,813 |
| FY2022 | $1,491,892,041 | $1,461,761,703 | $946,553,780 |
| FY2021 | $1,331,770,076 | $1,328,672,174 | $891,737,748 |
| FY2020 | $1,237,265,028 | $1,254,241,329 | $772,965,337 |
| FY2019 | $1,388,381,272 | $1,172,899,779 | $783,476,168 |
| FY2018 | $1,148,341,423 | $1,108,784,467 | $549,011,888 |
| FY2017 | $1,075,211,905 | $1,001,871,357 | $486,826,860 |
| FY2016 | $1,064,347,767 | $939,510,941 | $404,714,999 |
| FY2015 | $868,538,269 | $762,372,032 | $298,667,798 |
| FY2014 | $724,448,477 | $698,524,482 | $460,079,690 |
| FY2013 | $701,055,581 | $693,800,442 | $475,757,995 |
| FY2012 | $653,978,201 | $613,008,021 | $451,331,126 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $879,564 | 0% |
| Program service revenue | $1,911,399,415 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,511,266,070 | 84% |
| Management & general | $284,598,451 | 16% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 16%, and fundraising 0%.
- 84% of functional expenses went to program services in FY2025. That is higher than 41.3% of 92 Health Care organizations in NC.
- Net assets covered about 8.2 months of expenses at the end of the reporting year. That puts it in the 37th percentile among 510 Health Care organizations in NC.
- Total revenue was higher than 99% of 522 Health Care organizations in NC.
- Total revenue rose from $653,978,201 in FY2012 to $1,916,498,283 in FY2025, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2020).
- Net assets grew from $451,331,126 to $1,233,388,719 between FY2012 and FY2025.
- 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
To improve the health and well-being of North Carolinians and others whom we serve. We accomplish this by providing leadership and excellence in the interrelated areas of patient care, education, and research.
IRS status
| Ruling year | 1986 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E22 — Health Care (in NC) |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- PITT COUNTY MEMORIAL HOSPITAL INC — GREENVILLE, NC · $2,223,240,973
- FORSYTH MEMORIAL HOSPITAL INC — WINSTON SALEM, NC · $1,560,678,254
- PRESBYTERIAN HOSPITAL — WINSTON SALEM, NC · $2,274,729,924
- WAKEMED — RALEIGH, NC · $2,599,042,078
- FIRST HEALTH OF THE CAROLINAS INC — PINEHURST, NC · $1,179,213,070
- GOTHIC HSP CORPORATION — DURHAM, NC · $974,815,584
- GASTON MEMORIAL HOSPITAL INC — GASTONIA, NC · $790,891,234
- EAST CAROLINA HEALTH — GREENVILLE, NC · $599,551,368
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.