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North Carolina · Nonprofit

FORSYTH MEMORIAL HOSPITAL INC

FORSYTH MEMORIAL HOSPITAL INC (North Carolina) receives grants from 5 organizations whose IRS filings report $1,033,461 to it, the largest being MAYO CLINIC GROUP RETURN ($717,027). 3 of them have funded it in more than one year.

$1.6B
Revenue FY2024
5
Funders on record
$1.0M
Grants received
$3.0B
Net assets
3/5 repeat funderspeak grant-dependency 0%

Against its field

FORSYTH MEMORIAL HOSPITAL INC's funding base is broadening — from 2 funders to 3 as grant income climbed.

Operating margin−0% · below the median
Months of reserve0.0mo · bottom quartile
Revenue growth (annualized)2% · bottom quartile

this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.3B) Expenses 100 ($1.2B) Net assets 100 ($1.5B)2018 Revenue 107 ($1.4B) Expenses 108 ($1.3B) Net assets 109 ($1.6B)2019 Revenue 114 ($1.5B) Expenses 117 ($1.4B) Net assets 116 ($1.7B)2020 Revenue 117 ($1.6B) Expenses 120 ($1.4B) Net assets 123 ($1.8B)2021 Revenue 126 ($1.7B) Expenses 127 ($1.5B) Net assets 133 ($1.9B)2022 Revenue 104 ($1.4B) Expenses 117 ($1.4B) Net assets 130 ($1.9B)2023 Revenue 109 ($1.4B) Expenses 120 ($1.4B) Net assets 130 ($1.9B)2024 Revenue 118 ($1.6B) Expenses 131 ($1.6B) Net assets 206 ($3.0B)
'17'18'19'20'21'22'23'24
Revenue (118)Expenses (131)Net assets (206)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2020 3% · 2021 0% · 2022 1% · 2023 0% · 2024 0%. Grants only. Government contracts and fees sit inside program revenue.

0% of FORSYTH MEMORIAL HOSPITAL INC’s revenue is contributions — about as donation-reliant as the typical peer (1% for the typical peer).

This organization
Typical peer · 2,195 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

$126M
17
$120M
18
$108M
19
$108M
20
$141M
21
$32M
22
$2.7M
23
$5.9M
24
0.0
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $149k → $176k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
$717k
funders
2
2
2
3
3
2
3
3

Left out of every figure on this page: $21M from 2 payers (the payer shares this organization's board, largest Forsyth Medical Center Foundation). These are real filings, and they are not money FORSYTH MEMORIAL HOSPITAL INC raised.

From the IRS filings of FORSYTH MEMORIAL HOSPITAL INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FORSYTH MEMORIAL HOSPITAL INC leans on a few funders — its largest provides 69% of grant income and the top three 92%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

92% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FORSYTH MEMORIAL HOSPITAL INC.

69%
largest funder
92%
top three
~2
effective funders

Largest funder’s share by year: 2017 80% · 2018 66% · 2019 84% · 2020 81% · 2021 84% · 2022 93% · 2023 57%diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

FORSYTH MEMORIAL HOSPITAL INC draws 78% of its grant income from funders outside North Carolina, across 3 states in all.

MN
NV
NC

In-state vs out-of-state, by year

17
18
19
20
21
22
23
North Carolina out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like FORSYTH MEMORIAL HOSPITAL INC

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 18%Fundraising 0%

Governance

21
board members
86%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Part of a family of 24 related entities

  • Novant Health Clemmons Outpatient Surgery LLC · disregarded
  • Novant Health Kernersville Outpatient Surgery LLC · disregarded
  • Auxiliary of Forsyth Memorial Hospital · exempt
  • Brunswick Novant Medical Center Foundation · exempt
  • Carolina Healthcare Associates Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for FORSYTH MEMORIAL HOSPITAL INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FORSYTH MEMORIAL HOSPITAL INC?
FORSYTH MEMORIAL HOSPITAL INC (North Carolina) receives grants from 5 organizations whose IRS filings report $1,033,461 to it, the largest being MAYO CLINIC GROUP RETURN ($717,027). 3 of them have funded it in more than one year.
How many funders does FORSYTH MEMORIAL HOSPITAL INC have?
IRS filings report 5 organizations giving $1,033,461 in grants to FORSYTH MEMORIAL HOSPITAL INC, 3 of which have funded it in more than one year.
Who is the largest funder of FORSYTH MEMORIAL HOSPITAL INC?
MAYO CLINIC GROUP RETURN is the largest funder on record, with $717,027 in grants. The full list of funders is on this page.
How can an organization like FORSYTH MEMORIAL HOSPITAL INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing