Virginia · Nonprofit
INOVA HEALTH SYSTEM FOUNDATION
INOVA HEALTH SYSTEM FOUNDATION (Virginia) receives grants from 163 organizations whose IRS filings report $63,673,519 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($12,784,500). 82 of them have funded it in more than one year.
- Revenue FY2024
- $886M
- Funders on record
- 163
- Grants received
- $64M
- Net assets
- $6.2B
What Inova Health System Foundation does
Mission
Inova Health System Foundation is the parent of inova health system (ihs). Ihs provides healthcare and related services throughout northern virginia and the greater metropolitan washington, d.c. Area, including certain contiguous counties of virginia and maryland.
As stated on its FY2024 Form 990.
Programs
Inova Health System Foundation (ihsf), the parent company of inova health system, is a non-stock, not-for-profit corporation exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Inova health system (inova) provides healthcare and related services throughout northern virginia and the greater metropolitan washington, d.c. Area, including certain contiguous counties of virginia and maryland.since its initiation by citizen-volunteers in 1956, inova and its affiliates have grown to meet the changing needs of a diverse and growing population. As a not-for-profit organization, inova does not have shareholders. It is governed by the people it serves: members of the community. This model of governance helps to ensure that inova meets the unique healthcare needs of the community.in keeping with inova's community service mission, inova and its affiliates provide a wide range of programs and services which directly benefit the community they serve. These include:providing the highest quality medical care to all members of the community, regardless of their ability to pay.providing free and below cost health services to meet the identified…
$33,463,796 spentof which $26,107,043 as grants$12,254,585 earned by the program79% of program spendingInvestment management expense of $6.7 million is related to investments that Inova Health System Foundation utilizes to provide healthcare and related services throughout northern virginia and the greater washington, d.c., metropolitan area. The fees are calculated based on the market value of the investments times basis points established in each contract. The rates on these contracts apply until a new rate is negotiated.
$6,715,582 spent16% of program spendingThe foundation maintains auxiliary services at the hospitals for the purpose of operating gift and thrift shops that provide support to the hospitals within the system. The auxiliaries receive commissions from various fundraising activities. The cost associated with the auxiliaries was $2.2 million in 2024.
$2,209,233 spent$3,080,964 earned by the program5% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $42,388,611.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $6.7B to $8.0B (+20%).
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.
5% of INOVA HEALTH SYSTEM FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Nazzic Keene
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 21 funders to 67 funders, grant income rose $1.5M → $8.5M.
27 of 163 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 44% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $11M from 12 payers (the payer shares this organization's board, largest The Chicago Community Trust). These are real filings, and they are not money INOVA HEALTH SYSTEM FOUNDATION raised.
From the IRS filings of INOVA HEALTH SYSTEM FOUNDATION’s funders (the co-funder graph). Top 30 of 163 funders by total. 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
INOVA HEALTH SYSTEM FOUNDATION has a broad base — no single funder exceeds 20% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
51% 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 INOVA HEALTH SYSTEM FOUNDATION.
Largest funder’s share by year: 2017 55% · 2018 37% · 2019 37% · 2020 24% · 2021 50% · 2022 33% · 2023 26% — 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.
How long its funders stay
49% of INOVA HEALTH SYSTEM FOUNDATION's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
74% of INOVA HEALTH SYSTEM FOUNDATION's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $28M arriving through sponsors registered in 17 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Against its field
INOVA HEALTH SYSTEM FOUNDATION's funding base is broadening — from 21 funders to 67 as grant income climbed.
this organization peer median middle 50% of peers· 2,076 health nonprofits over $100M, FY2024
Organizations like INOVA HEALTH SYSTEM FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
77% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 6 related entities
- Signature Partners in Health LLC · disregarded
- Inova Health Care Services · exempt
- Loudoun Nursing and Rehabilitation Center · exempt
- Alternate Solutions Home Health LLC · partnership
- Inova Ambulatory Surgery Ctr at Lorton LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for INOVA HEALTH SYSTEM FOUNDATION: 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.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INOVA HEALTH SYSTEM FOUNDATION?
- INOVA HEALTH SYSTEM FOUNDATION (Virginia) receives grants from 163 organizations whose IRS filings report $63,673,519 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($12,784,500). 82 of them have funded it in more than one year.
- How many funders does INOVA HEALTH SYSTEM FOUNDATION have?
- IRS filings report 163 organizations giving $63,673,519 in grants to INOVA HEALTH SYSTEM FOUNDATION, 82 of which have funded it in more than one year.
- Who is the largest funder of INOVA HEALTH SYSTEM FOUNDATION?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $12,784,500 in grants. The full list of funders is on this page.
- How can an organization like INOVA HEALTH SYSTEM FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. 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 163 funders 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 October 22, 2026. What this page cannot tell you · view filing