Wakemed Group Return
Provides philanthropic support, fundraising, and community education to help a local health system deliver quality, compassionate healthcare and medical services to all citizens. For fiscal year 2024 it reported $55.0M in revenue, $62.0M in expenses, and $259.7M in net assets.Pt I
- Type
- Hospital · Hospitals
- Location
- Raleigh, NC
- Website
- www.wakemed.org
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Where the work happens
Wakemed property services purchases, leases, and maintains properties in wake, johnston and durham counties for the purposes of leasing or subleasing space to wakemed and other medical providers to expand the accessibility of medical services in the vicinity.
The wakemed foundation is a charitable resource for wakemed, supporting the health system in its commitment to providing quality healthcare to all citizens of the community. Fundraising activities support wakemed through fundraising and educational awareness of quality healthcare programs and services available at wakemed for the…
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 96% | — | — |
| Overhead ratio | 3% | — | — |
| Fundraising cost ratio | 6% | — | — |
| Revenue growth | 23% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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