Rex Hospital Inc is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 1986, with $1,733,107,391 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
Revenue (FY2023)
$1.7B
▲ 6.8% vs prior year
Health median: $840K
Expenses (FY2023)
$1.7B
Net assets
$1.0B
Employees
8,326
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 Rex Hospital Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
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 Rex Hospital Inc: 7 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
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 Rex Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Rex Hospital Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Inspiring hope, improving health and healing communities.
General surgery: rex surgery centers in raleigh, cary and wakefield are used by more than 425 physicians and provide in- and outpatient services to 40,000 patients a year. the three locations have improved access to specialized care for patients across the region. surgeons make substantial use of minimally invasive technology for diagnosis and treatment, reducing patients recovery time and hospital stay. for example, rex has three davinci surgical robots used for urology, gynecology and general surgeries. the centers include 34 operating suites, eight minor procedure rooms, and various perioperative and ancillary support spaces. rex is increasingly performing surgeries on an outpatient basis, and continuing to look for other ways to reduce overall costs for patients. some of the top procedures include general surgery, hernia repair, gallbladder removal and bariatric and breast surgeries. some outpatient orthopaedic procedures are performed at raleigh orthopaedic surgery center, rex's joint venture with raleigh orthopaedic clinic located about a mile from rex's main raleigh campus.
Oncology: rex provides a full range of specialized, multi-disciplinary oncology therapy and support services to patients in wake county and beyond. during fiscal year 2014, rex cancer center provided 25,422 radiation oncology treatments, 13,190 chemotherapy treatments and 21,231 hematology oncology treatments at four locations in wake county. in addition to cancer treatments and therapies, the centers provide outreach and support services, nutritional services, nurse navigation of care, rehabilitation services and survivorship or end of life care. rex cancer center also provides surgical services to cancer patients through access to rex hospital. rex cancer center works closely with the nationally recognized n.c. cancer hospital and the unc lineberger comprehensive cancer center in chapel hill to extend specialty services and clinical trials to patients in raleigh. since 2008, rex has partnered with johnston health services corporation to provide critical care and services closer to home at radiation oncology clinics in smithfield and clayton. during 2014, rex hematology oncology associates opened new locations in cary and raleigh, offering convenient outpatient services and treatment.
Rex provides a full range of orthopaedic treatment, surgery and rehabilitation at its surgery centers in raleigh, cary and wakefield. in addition, raleigh orthopaedic surgery center opened in march 2013. the 27,700 square-foot surgery center is a joint venture between rex and raleigh orthopaedic clinic. the outpatient facility is located on edwards mill road, less than a mile from the main campus of rex hospital and offers a wide range of orthopedic care and services involving knees, feet, shoulders, hips, wrists and more, in a convenient outpatient setting. at rex's women's center, caregivers seek to provide family-centered care to the new mother, baby and extended family. during fiscal year 2014, 5,658 babies were born in the rex women's center. these births are supported by 24/7 anesthesiology and neonatology services, high risk obstetrics provided by unc maternal fetal medicine, lactation support services provided by a team of certified lactation consultants and an in-house retail center for infant nutrition. rex also offers a wide variety of pre- and post-natal classes, screening for postpartum depression and psychological services. there are three operating suites for cesarean births and rex's special care nursery offers 15 level iii neonatal beds. the rex women's center includes 98 private rooms in which labor, delivery, recovery, and postpartum care of the mother and child normally occur.
Revenue grew from $724.4M (FY2013) to $1.7B (FY2023) across 11 reported years.
Financial snapshot
Operating margin
0.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$797.9M
Net assets
$1.0B
Salaries & benefits
$742.8M
43% of expenses
Board members
13
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,733,107,391▲6.8% | $1,722,487,808▲6.1% | $1,032,601,725▲9.3% | $1,830,481,772▲0.8% | 990 |
| 2022 | $1,623,067,183▲8.8% | $1,623,015,427▲11.0% | $945,100,813▼0.2% | $1,816,056,463▲0.9% | 990 |
| 2021 | $1,491,892,041▲12.0% | $1,461,761,703▲10.0% | $946,553,780▲6.1% | $1,799,963,409▲4.2% | 990 |
| 2020 | $1,331,770,076▲7.6% | $1,328,672,174▲5.9% | $891,737,748▲15.4% | $1,727,377,750▲8.6% | 990 |
| 2019 | $1,237,265,028▼10.9% | $1,254,241,329▲6.9% | $772,965,337▼1.3% | $1,590,769,743▲25.4% | 990 |
| 2018 | $1,388,381,272▲20.9% | $1,172,899,779▲5.8% | $783,476,168▲42.7% | $1,268,499,027▲20.3% | 990 |
| 2017 | $1,148,341,423▲6.8% | $1,108,784,467▲10.7% | $549,011,888▲12.8% | $1,054,404,277▲4.2% | 990 |
| 2016 | $1,075,211,905▲1.0% | $1,001,871,357▲6.6% | $486,826,860▲20.3% | $1,011,503,690▲8.8% | 990 |
| 2015 | $1,064,347,767▲22.5% | $939,510,941▲23.2% | $404,714,999▲35.5% | $929,466,692▲11.2% | 990 |
| 2014 | $868,538,269▲19.9% | $762,372,032▲9.1% | $298,667,798▼35.1% | $835,747,955▲10.8% | 990 |
| 2013 | $724,448,477 | $698,524,482▲0.7% | $460,079,690▼3.3% | $754,621,461▲6.7% | 990 |
| 2012 | — | $693,800,442▲13.2% | $475,757,995▲5.4% | $707,307,283▲5.3% | 990 |
| 2011 | — | $613,008,021▲10.1% | $451,331,126▲11.1% | $671,610,346▲5.7% | 990 |
| 2010 | — | $556,542,085 | $406,201,754 | $635,551,442 | 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.
Highest-paid: Joseph M Bumgarner Md — $1,989,337 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph M Bumgarner Md | Physician | 60 | $1,989,337 |
| Dwijesh B Patel Md | Physician | 60 | $1,911,162 |
| Joseph M Falsone Md | Physician | 60 | $1,777,117 |
| Benjamin G Atkeson Md | Physician | 60 | $1,758,424 |
| Mateen Akhtar Md | Physician | 60 | $1,747,595 |
| Ernest L Bovio Jr | Director/president (thru 1/24) | 59 | $1,099,536 |
| Susan G Moore | Vp/unc Rex Physicians | 59 | $674,563 |
| Rig S Patel Md | Director | 2 | $587,511 |
| Meera Udayakumar Md | Vp/medical Affairs & Cmo | 59 | $477,516 |
| Kirsten S Riggs | Director/coo | 59 | $452,332 |
| Lorie Rhine | Vp/patient Care Services & Cno | 59 | $440,671 |
| Benjamin J Mathew | Vp/cfo & Treasurer | 59 | $430,290 |
| Roy C Tempke | Vp/care Transitions | 59 | $337,660 |
| Timothy M Hester | Vice President | 59 | $299,442 |
| Diana G Massa | Vice President | 59 | $286,204 |
| Chad N Anderson | Vice President | 59 | $276,233 |
| Meghan E Hooley | Asst Treasurer & Asst Sect. | 59 | $211,067 |
| Ann S Collins Md | Director/chairman | 4 | — |
| A Wesley Burks Md | Director | 2 | — |
| Catharine B Arrowood | Director/vice Chairman | 4 | — |
| Contractor | Services | Paid |
|---|---|---|
| Southern Security Group Inc | Security | $21,443,305 |
| The Northern Trust Company | Financial | $8,843,363 |
| Dpr Construction | Construction | $6,701,636 |
| Quality Textile Services Inc | Laundry | $3,053,437 |
| Talon Medical Construction Services | Construction | $1,984,815 |
3 grants to Rex Hospital Inc totaling $267K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Duke University Health System Inc | General support | 2018 | $34,675 |
| Patient Access Network Foundation | Patient assistance | 2015 | $177,441 |
| Patient Access Network Foundation | Patient assistance | 2014 | $55,162 |
31 grants totaling $750K in FY2018 — showing the 15 largest. All grants made by Rex Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| North Carolina Symphony Society Inc | General support general support general support general support general/education support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support general support | $71,500 |
| Kay Yow Cancer Foundation Inc | General support | $65,000 |
| Greater Raleigh Chamber of Commerce | General support | $64,640 |
| Habitat For Humanity International Inc | General support | $50,000 |
| American Heart Association | General/education support | $40,000 |
| Blood Cancer United Inc | General support | $37,500 |
| United Way of the Greater Triangle Inc | General support | $32,792 |
| The Family Violence Prevention Center Inc | General support | $30,000 |
| Neighborhealth Center Inc | General support | $30,000 |
| Urban Ministries of Wake County Inc | General support | $27,500 |
| The Alice Aycock Poe Center For Health Education | General support | $26,251 |
| Hospice of Wake County Inc | General support | $25,000 |
| Wake Technical Community College Foundation Inc | General support | $21,600 |
| North Carolina Museum of Art Foundation Inc | General support | $21,000 |
| Cary Chamber of Commerce | General support | $20,127 |
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Data for Rex Hospital Inc (EIN 56-1509260) 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.