Duke University Health System Inc
85% goes to programs $6 to raise $100 Strong reserves Growing revenue
Duke University Health System Inc is a 501(c)(3) organization based in Durham, North Carolina, registered in 1998, with $5,766,300,632 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
4321 Medical Park Dr Ste 101, Durham, NC, 27704 EIN 56-2070036 Since 1998
Revenue (FY2023)
$5.8B
▲ 23.4% vs prior year
Health median: $840K
Expenses (FY2023)
$5.1B
Net assets
$5.6B
Employees
26,905
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Duke University Health System Inc: 85% to programs · $6 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Duke University Health System Inc: 13 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Duke University Health System Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Duke University Health System Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o for organization's mission statement
Contact & location
- Address
- 4321 Medical Park Dr Ste 101, Durham, NC, 27704
- City
- Durham
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.7B (FY2013) to $5.8B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.0BNet assets $5.6B
Operating margin
12.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.6B
Total liabilities
$3.0B
Net assets
$5.6B
Salaries & benefits
$2.3B
45% of expenses
Board members
20
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,766,300,632▲23.4% | $5,073,619,859▲9.7% | $5,559,939,148▲8.5% | $8,567,717,732▲7.6% | 990 |
| 2022 | $4,672,834,668▲1.6% | $4,623,216,546▲10.8% | $5,123,512,956▼6.2% | $7,958,888,279▼3.7% | 990 |
| 2021 | $4,600,505,996▼0.5% | $4,174,139,522▲7.8% | $5,460,723,714▲2.6% | $8,260,774,039▼4.3% | 990 |
| 2020 | $4,625,468,343▲20.0% | $3,870,479,888▲7.1% | $5,324,934,872▲65.4% | $8,635,026,358▲23.1% | 990 |
| 2019 | $3,853,766,160▲2.0% | $3,612,404,658▲7.9% | $3,219,821,407▼9.0% | $7,016,316,692▲11.7% | 990 |
| 2018 | $3,776,782,982▲5.6% | $3,346,676,742▲7.0% | $3,537,682,239▲4.2% | $6,281,178,620▲6.4% | 990 |
| 2017 | $3,576,450,926▲7.3% | $3,126,393,682▲6.4% | $3,394,780,568▲24.8% | $5,904,321,303▲9.9% | 990 |
| 2016 | $3,331,674,474▲6.3% | $2,939,183,402▲7.0% | $2,720,558,968▲22.6% | $5,374,830,842▲9.0% | 990 |
| 2015 | $3,133,177,470▲3.4% | $2,745,774,597▲6.5% | $2,219,000,875▼26.2% | $4,933,202,039▲2.6% | 990 |
| 2014 | $3,030,169,520▲12.5% | $2,577,346,747▲7.8% | $3,006,050,446▲5.8% | $4,807,967,846▲3.5% | 990 |
| 2013 | $2,693,365,841 | $2,390,451,847▲6.7% | $2,840,585,734▲16.1% | $4,643,137,100▲7.3% | 990 |
| 2012 | — | $2,239,941,917▲4.4% | $2,445,770,284▲25.6% | $4,327,827,970▲8.9% | 990 |
| 2011 | — | $2,144,794,592▲2.2% | $1,947,511,687▼4.8% | $3,972,574,812▲12.9% | 990 |
| 2010 | — | $2,098,358,480▲7.2% | $2,046,250,326▲30.1% | $3,519,120,113▲11.5% | 990 |
| 2009 | — | $1,957,995,090 | $1,572,495,123 | $3,155,357,986 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Craig T Albanese Md — $1,979,770 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Craig T Albanese Md | Director/ceo | 42 | $1,979,770 |
| Thomas A Owens Md | Executive Vp, Duhs & Coo | 62 | $1,586,319 |
| Richard P Shannon Md | Chief Quality Officer | 40 | $1,150,357 |
| Mary Ann Fuchs | Former Vp Patient Care/chief Nursing Officer | 50 | $1,083,315 |
| Jeffrey M Ferranti | Vp & Chief Digital Officer | 40 | $1,032,996 |
| Mary K Martin | Chief Operating Officer, Duh | 40 | $924,190 |
| Rhonda Brandon | Chief Hr Officer | 50 | $883,099 |
| Monte D Brown Md | Vp For Administration/secretary | 60.1 | $760,434 |
| Robert N Willis | Vp Finance/controller/cao/treasurer | 50 | $735,941 |
| Barbara M Griffith Md | President, Duke Raleigh Hospital | 40 | $725,856 |
| Keith Stover | Vp Finance/coo, Prmo | 40 | $627,639 |
| Devdutta Sangvai Md | President, Duke Regional Hospital | 60 | $590,341 |
| John P Mordach | Former Officer | 0 | $523,330 |
| Leigh Bleecker | Former Key Employee | 0.1 | $485,406 |
| Priscilla Ramseur | Vp-part Year Patient Care/chief Nurse | 50 | $375,853 |
| Terry Mcdonnell | Svp-part Year Patient Care/chief Nurse | 40 | $235,170 |
| Kathleen Galbraith | Former Key Employee | 0 | $222,820 |
| A Eugene Washington Md | Chancellor Emeritus For Health Aff. | 0 | — |
| Alison Toth | Director | 17 | — |
| Carmichael S Roberts | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Private Diagnostic Clinic Pllc | Medical Services | $115,283,203 |
| Vaya Workforce Solutions LLC | Contract Nursing | $42,278,651 |
| Aramark Services Inc | Food Services | $22,660,535 |
| Robins & Morton Group | Construction Services | $21,613,686 |
| Kernodle Clinic Inc | Medical Services | $21,312,737 |
Grants received · $3.7B total
118 grants to Duke University Health System Inc totaling $3.7B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $17,000,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $2,754,999 |
| American Cancer Society Inc | Support/research | 2024 | $2,520,500 |
| Muscular Dystrophy Association | Research | 2024 | $100,000 |
| American Cancer Society Inc | Patient support | 2024 | $90,000 |
| Mayo Clinic | Support charitable programs | 2024 | $47,420 |
| American Heart Association Inc | Lp(a) discovery project | 2024 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Gothic Hsp Corporation | Support | 2023 | $508,279,777 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $2,749,999 |
| American Cancer Society Inc | Support/research | 2023 | $669,833 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $385,899 |
| Arthritis Foundation Inc | Research | 2023 | $100,000 |
| Muscular Dystrophy Association | Research | 2023 | $100,000 |
| Mayo Clinic | Support charitable programs | 2023 | $41,395 |
Grants made · $1.1M in FY2023
54 grants totaling $1.1M in FY2023 — showing the 15 largest. All grants made by Duke University Health System Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Durham Public Schools Foundation | Community support | $100,000 |
| Habitat For Humanity of Durham Inc | Community support | $75,000 |
| Coalition To Strengthen Americas Healthcare | General support | $60,000 |
| Ronald Mcdonald House Charities of the Triangle | Sponsorship | $50,000 |
| Casa | Community support | $46,000 |
| The Family Violence Prevention Center Inc | General support | $42,500 |
| Lung Cancer Initiative | Sponsorship | $40,300 |
| Housing For New Hope Inc | Community support | $35,000 |
| 1 of Us Inc | Sponsorship | $32,500 |
| Childrens Flight of Hope Inc | Community support | $30,000 |
| Inter-faith Food Shuttle | Community support | $30,000 |
| Urban Ministries of Wake County Inc | Community support | $27,500 |
| El Futuro | Community support | $26,000 |
| Emily Krzyzewski Center Inc | Sponsorship | $25,000 |
| Catholic Charities of the Diocese of Raleigh Inc | Community support | $25,000 |
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Compare Duke University Health System Inc
Frequently asked questions
- Is Duke University Health System Inc a legitimate nonprofit?
- Yes. Duke University Health System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2070036, based in Durham, North Carolina. Donations are tax-deductible.
- What is Duke University Health System Inc's EIN?
- Duke University Health System Inc's Employer Identification Number (EIN) is 56-2070036.
- How much revenue does Duke University Health System Inc report?
- Duke University Health System Inc reported $5,766,300,632 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Duke University Health System Inc's spending goes to programs?
- Duke University Health System Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Duke University Health System Inc have?
- CharityIndex grades Duke University Health System Inc A, based on program efficiency and fundraising cost.
- How much does Duke University Health System Inc's highest-paid employee make?
- The highest reported compensation on Duke University Health System Inc's latest Form 990 is $1,979,770, paid to Craig T Albanese Md (Director/ceo).
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Explore more
Data for Duke University Health System Inc (EIN 56-2070036) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.