Wake Forest University Health Sciences Group Return
Medical Center Boulevard, Winstonsalem, NC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $106,748,590 | $88,185,647 | $338,576,097 |
| FY2023 | $103,242,222 | $87,062,249 | $320,013,154 |
| FY2022 | $106,760,501 | $87,243,085 | $303,833,181 |
| FY2021 | $56,430,791 | $45,341,249 | $284,315,765 |
| FY2020 | $111,319,113 | $90,478,094 | $251,948,339 |
| FY2019 | $104,012,236 | $84,765,511 | $231,107,320 |
| FY2018 | $93,091,423 | $76,327,778 | $211,860,595 |
| FY2017 | $83,632,375 | $65,608,198 | $195,096,950 |
| FY2016 | $83,345,235 | $64,627,156 | $177,072,773 |
| FY2015 | $80,646,283 | $61,786,852 | $158,354,694 |
| FY2014 | $73,311,774 | $59,153,563 | $139,495,263 |
| FY2013 | $72,928,533 | $56,571,128 | $125,337,052 |
| FY2012 | $69,274,206 | $56,287,122 | $108,979,647 |
| FY2011 | $63,339,370 | $51,630,336 | $95,992,563 |
Form 990 filings
The returns filed by Wake Forest University Health Sciences Group Return (EIN 90-0222618), 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 | $0 | 0% |
| Program service revenue | $106,592,249 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $79,092,817 | 90% |
| Management & general | $9,092,830 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% 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 78.9% of 152 Education organizations in NC.
- Net assets covered about 46.1 months of expenses at the end of the reporting year. That puts it in the 82nd percentile among 1703 Education organizations in NC.
- Total revenue was higher than 99.3% of 1724 Education organizations in NC.
- Total revenue rose from $63,339,370 in FY2011 to $106,748,590 in FY2024. Revenue increased in 11 and decreased in 2 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 $111,319,113 in FY2020.
- Net assets grew from $95,992,563 to $338,576,097 between FY2011 and FY2024.
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
OUTPATIENT MEDICAL CLINICS FOR THE PROMOTION OF HEALTH FOR THE BENEFIT OF THE COMMUNITY.
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B50 — Education (in NC) |
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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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