WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER

WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER

Winstonsalem, NC, US
501(c)3
EIN
51-0190238
Regional Funder
Hospital

WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER

Winstonsalem, NC, US
501(c)3
EIN
51-0190238
Regional Funder
Hospital

Income Statement

Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024

$172,627,029

Program Services
N/A
Investments
N/A
Contributions
N/A
Government Grants
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024

$230,304,142

Salaries & Benefits
55%
Other
15%
Offices, Occupancy & IT
10%
Grants
9%
Fees to Service Providers
6%
Interest
4%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$292,382
$8,917,329
+2950%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$156,871,570
$153,650,548
-2%
Membership Dues
$0
$0
-
Investments
$5,911,748
$10,914,254
+85%
Other
$310,999
-$855,102
-375%
Total Revenues
$163,386,699
$172,627,029
+6%
Expenses
2023
2024
Change
Grants
$0
$20,000,000
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$120,621,278
$126,842,689
+5%
Fees to Service Providers
$12,732,838
$14,044,662
+10%
Advertising & Promotion
$10,094
$1,981
-80%
Offices, Occupancy & IT
$23,069,090
$22,213,986
-4%
Interest
$10,198,701
$10,073,995
-1%
Depreciation
$2,520,363
$3,293,678
+31%
Other
$28,757,343
$33,833,151
+18%
Total Expenses
$197,909,707
$230,304,142
+16%
Net income
2023
2024
Change
Net income
-$34,523,008
-$57,677,113
-67%
Functional Expenses
Summary
2023
2024
Change
Program
$180,646,783
$216,699,729
+20%
Admin
$17,262,924
$13,604,413
-21%
Fundraising
$0
$0
-
Total Expenses
$197,909,707
$230,304,142
+16%
Income Statement
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