RENOWN REGIONAL MEDICAL CENTER
1155 MILL ST CO TAX TREASURY Z-4, RENO, NV · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $1,415,776,369 | $1,281,144,076 | $92,413,207 |
| FY2023 | $1,167,267,797 | $1,102,679,572 | -$130,660,522 |
| FY2022 | $546,689,447 | $536,924,015 | -$38,922,621 |
| FY2021 | $963,436,826 | $944,998,796 | $299,013,519 |
| FY2020 | $918,236,960 | $878,215,022 | $207,656,914 |
| FY2019 | $901,280,715 | $824,879,636 | $229,641,831 |
| FY2018 | $850,479,928 | $760,971,403 | $237,646,236 |
| FY2017 | $772,457,223 | $721,150,917 | $212,110,435 |
| FY2016 | $719,033,505 | $632,099,577 | $214,893,996 |
| FY2015 | $679,952,528 | $606,516,182 | $282,227,431 |
| FY2014 | $575,024,739 | $522,556,354 | $178,820,166 |
| FY2013 | $639,448,949 | $628,682,874 | $125,734,309 |
| FY2012 | $584,262,934 | $592,879,239 | $103,760,380 |
| FY2011 | $553,492,410 | $555,394,003 | $125,271,104 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $15,109,972 | 1% |
| Program service revenue | $1,398,364,795 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,074,260,934 | 84% |
| Management & general | $206,883,142 | 16% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 84% of functional expenses, management & general 16%, and fundraising 0%.
- 84% of functional expenses went to program services in FY2024. That is higher than 41.7% of 4903 Health Care organizations nationwide (too few in NV for a state comparison).
- Net assets covered about 0.9 months of expenses at the end of the reporting year. That puts it in the 12th percentile among 114 Health Care organizations in NV.
- Total revenue was higher than 100.8% of 118 Health Care organizations in NV.
- Total revenue rose from $553,492,410 in FY2011 to $1,415,776,369 in FY2024, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2011, FY2012).
- Net assets declined from $125,271,104 to $92,413,207 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
An 826 bed acute-care hospital and the region's only Level II trauma center.
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- CARSON TAHOE REGIONAL HEALTHCARE — CARSON CITY, NV · $467,158,806
- RENOWN HEALTH — RENO, NV · $257,054,826
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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