Wakemed
89% goes to programs $0 to raise $100 Growing revenue
Wakemed is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 2010, with $2,298,360,002 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
3000 New Bern Ave, Raleigh, NC, 27610 EIN 56-6017737 Since 2010
Revenue (FY2023)
$2.3B
▲ 11.1% vs prior year
Health median: $840K
Expenses (FY2023)
$2.3B
Net assets
$885.9M
Employees
13,697
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 rating89% to programs · $0 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 Wakemed: 89% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +1% 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 Wakemed: 5 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Wakemed: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Wakemed: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The mission of wakemed is to improve the health and well-being of our community with outstanding and compassionate care to all.
What they do
Cardiovascular - wakemed's heart and vascular program is one of the largest and most comprehensive cardiovascular programs in the state of north carolina. this year, 18,442 cardiovascular procedures were performed including surgery, diagnostic and interventional cardiac catheterizations and electrophysiology studies. thousands more patients were treated medically as in and outpatients throughout the system. in fiscal year 2024, our cardiac patients included 61.2% who were insured under medicare, 7.3% who were insured under medicaid, and 2.8% who were uninsured (or "self-pay or charity care"). wakemed health & hospitals has consistently been nationally recognized for excellence in both stroke and heart care. wakemed raleigh campus and wakemed cary hospital received recognition from the american heart association and the american stroke association through their "get with the guidelines (gwtg)" awards, each earning gold plus achievement awards for both stroke care and for heart failure care. these recognitions signify that wakemed has reached an aggressive goal of treating both stroke and heart failure patients according to the guidelines of care recommended by the american stroke association, american heart association, and american college of cardiology. both wakemed cary hospital and wakemed raleigh campus received chest pain center accreditation by the society of cardiovascular patient care, and both received the joint commission advanced certification for primary stroke center. in addition, wakemed raleigh campus received a three star rating from the society of thoracic surgeons, is rated a top 50 cardiovascular hospital by ibm watson health, and received the 2021 cigna center of excellence designation for heart surgery & cardiac catheterization and angioplasty. wakemed is the first us health care system to implement enhanced recovery after cardiac surgery, which cause it to be the first hospital to be named a center of excellence by the eras society. a key support service for our community, wakemed mobile critical care services is a comprehensive medical transport program that improves access to acute care and facilitates transport into, out of, and across the health care system. wakemed mobile critical care services transports patients throughout the region and state. in fy2024, the team transported 22,165 patients. wakemed's heart center has made significant strides in programs and services aiming to reduce heart disease and diabetes, improve stroke outcomes and improve patients' understanding of disease management. we know that teaching patients about their risk factors for heart disease and encouraging healthy behaviors through lifestyle changes builds a foundation for a healthier population. thus, the wakemed heart center provides a comprehensive continuum of care for the cardiac patient from outreach education and prevention to diagnosis, intervention, surgery, cardiac rehabilitation and ongoing disease management for heart failure diabetes. free education programs are offered regularly for our patients, their family members and the community to complement our comprehensive care services. because the fastest intervention provides the best outcomes, all of wakemed's emergency departments are certified chest pain centers. wakemed raleigh campus and cary hospital are designated primary stroke centers. additionally, wakemed's heart center provides free health screenings throughout the community including cholesterol screenings, blood pressure checks, vascular screenings, and stroke assessments. these screenings are designed to be a secondary prevention activity to detect early onset of disease or illness. wakemed heart & vascular provides numerous opportunities for heart health education and cpr training in the commuity. one of our key outreach programs is cpr anytime. this program is provided at multiple locations in wake county throughout the year and the cpr anytime kits are provided at no cost to participants. wakeme
Contact & location
- Address
- 3000 New Bern Ave, Raleigh, NC, 27610
- City
- Raleigh
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.0B (FY2013) to $2.3B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.1BNet assets $885.9M
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$1.1B
Net assets
$885.9M
Salaries & benefits
$1.3B
55% of expenses
Board members
14
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,298,360,002▲11.1% | $2,286,777,227▲9.3% | $885,855,383▲15.4% | $1,971,085,645▲5.6% | 990 |
| 2022 | $2,067,993,368▲8.5% | $2,092,838,776▲9.7% | $767,637,727▲2.9% | $1,866,139,975▲7.3% | 990 |
| 2021 | $1,905,941,318▲11.0% | $1,907,775,364▲14.0% | $746,000,410▼23.6% | $1,739,298,787▼11.0% | 990 |
| 2020 | $1,717,539,715▲14.4% | $1,673,018,960▲14.7% | $975,937,879▲13.1% | $1,954,958,944▲6.0% | 990 |
| 2019 | $1,501,722,240▲6.2% | $1,458,807,966▲5.3% | $863,084,244▲6.6% | $1,843,918,342▲11.4% | 990 |
| 2018 | $1,413,415,643▲8.4% | $1,385,455,081▲9.2% | $809,489,575▲6.1% | $1,655,160,684▲9.8% | 990 |
| 2017 | $1,304,033,475▲4.9% | $1,268,441,698▲6.3% | $762,624,110▲6.7% | $1,508,036,898▲2.5% | 990 |
| 2016 | $1,243,670,802▲10.4% | $1,193,051,148▲6.9% | $714,884,770▼2.5% | $1,470,677,957▲3.9% | 990 |
| 2015 | $1,126,656,960▲5.8% | $1,115,819,238▲1.6% | $733,546,819▲3.4% | $1,416,072,147▼0.6% | 990 |
| 2014 | $1,065,229,638▲4.0% | $1,098,223,727▲6.2% | $709,530,128▼10.3% | $1,424,443,922▲0.1% | 990 |
| 2013 | $1,024,384,686 | $1,034,167,696 | $790,596,028▲3.4% | $1,423,447,229▲1.6% | 990 |
| 2012 | — | $1,034,321,170▲0.6% | $764,300,052▼2.6% | $1,401,033,136▼1.8% | 990 |
| 2011 | — | $1,028,323,397▲9607% | $784,340,191▲741% | $1,426,399,681▲1422% | 990 |
| 2010 | — | $10,593,623▼98.8% | $93,297,000▼86.1% | $93,749,367▼93.0% | 990 |
| 2009 | — | $893,387,843 | $672,495,535 | $1,335,640,583 | 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: Donald Gintzig — $1,881,664 (0.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donald Gintzig | President & Ceo | 80 | $1,881,664 |
| Ashish Patel | Physician | 60 | $1,538,517 |
| Bryon Boulton | Physician | 62 | $1,449,918 |
| Mark Graham | Physician | 60 | $1,352,763 |
| Gurvinder Deol | Physician | 60 | $1,313,264 |
| Judson Williams | Physician | 80 | $1,301,145 |
| Thomas Gough | Evp & Chief Operating Officer | 60 | $665,364 |
| Seth Brody | Evp, Physician Services | 60 | $643,534 |
| Rebecca Andrews | Svp & Administrator Raleigh | 70 | $516,310 |
| Charles Harr | Chief Medical Officer, Raleigh | 60 | $452,133 |
| Cynthia Alness-boily | Svp - Operations & Cno | 60 | $434,516 |
| Susan James | Vp & Chief Legal Officer (until 12/1/23) | 65 | $429,287 |
| Peter Marks | Vp & Chief Information Officer | 55 | $427,229 |
| Karen Chilton Md | Svp & Chief Quality Officer | 50 | $405,466 |
| Carolyn Knaup | Svp - Strategic Ventures & Ambulatory Operations | 55 | $404,239 |
| John Perry | Vp, Medical Information | 60 | $393,549 |
| Rick Shrum | Vp & Chief Strategy Officer | 55 | $388,475 |
| Karen Bash | Chief Medical Officer, North | 55 | $382,508 |
| Thomas Cavender | Vp, Facilities & Construction | 60 | $370,225 |
| Valerie Barlow | Svp & Administrator North | 60 | $357,180 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Morrison Management Specialist | Food & Nutrition Services | $13,390,680 |
| Unc School of Medicine | Resident Fees | $4,050,918 |
| Laboratory Corporation of America | Diagnostic Testing Services | $3,321,429 |
| Bma Wake-grtr Wake Area Acutesfresenius Med Care | Kidney Dialysis Services | $3,209,231 |
| Health Catalyst Inc | Data & Data Analysis Technology | $3,126,713 |
Grants received · $279K total
7 grants to Wakemed totaling $279K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Diabetes quality collective | 2024 | $40,000 |
| American Heart Association Inc | Diabetes program | 2023 | $131,500 |
| The Childrens Hospital of Philadelphia | Research | 2023 | $24,100 |
| Duke University Health System Inc | General support | 2023 | $11,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $7,000 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2020 | $50,000 |
| Mountain Area Health Education Center Inc | Operational support | 2014 | $15,349 |
Grants made · $2.1M in FY2023
24 grants totaling $2.1M in FY2023 — showing the 15 largest. All grants made by Wakemed →
| Recipient | Purpose | Amount |
|---|---|---|
| Wake County Human Services | General support | $858,033 |
| Alliance Medical Ministry Inc | Medical care | $377,000 |
| Wake County Medical Society | Medical care | $350,000 |
| Healing Transitions Inc | General support | $127,500 |
| Debnam Clinic | Medical care | $98,043 |
| Capital Area Soccer League Inc | General support | $61,750 |
| Wakemed | General support | $38,625 |
| The Family Violence Prevention Center Inc | General support | $30,000 |
| Marbles Kids Museum | General support | $25,000 |
| Casa | General support | $25,000 |
| Alliance Medical Ministry Inc | General support | $25,000 |
| North Carolina Physicans Health Program Inc | General support | $15,000 |
| Nciap Medical Care Inc | General support | $14,200 |
| Urban Ministries of Wake County Inc | General support | $12,260 |
| American Heart Association Inc | General support | $11,072 |
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Frequently asked questions
- Is Wakemed a legitimate nonprofit?
- Yes. Wakemed is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6017737, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is Wakemed's EIN?
- Wakemed's Employer Identification Number (EIN) is 56-6017737.
- How much revenue does Wakemed report?
- Wakemed reported $2,298,360,002 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wakemed's spending goes to programs?
- Wakemed spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wakemed have?
- CharityIndex grades Wakemed A, based on program efficiency and fundraising cost.
- How much does Wakemed's highest-paid employee make?
- The highest reported compensation on Wakemed's latest Form 990 is $1,881,664, paid to Donald Gintzig (President & Ceo).
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Data for Wakemed (EIN 56-6017737) 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.