North Carolina · Nonprofit
WAKEMED
WAKEMED (North Carolina) receives grants from 13 organizations whose IRS filings report $848,900 to it, the largest being American Heart Association Inc ($171,500). 5 of them have funded it in more than one year.
- Revenue FY2025
- $2.6B
- Funders on record
- 13
- Grants received
- $849k
- Net assets
- $1.0B
What Wakemed does
Mission
The mission of Wakemed is to improve the health and well-being of our community with outstanding and compassionate care to all.
As stated on its FY2025 Form 990.
Programs
Surgical services Wakemed provides surgical services in five locations throughout the county: Wakemed raleigh campus, Wakemed cary hospital, Wakemed north, holly springs surgical ventures and capital city surgery center of which Wakemed is a majority investor. By delivering surgical services to all who seek care regardless of their ability to pay and by having inpatient services in three distinct locations throughout the county, Wakemed has improved access to these needed services. Wakemed's wide range of surgical specialties include bariatric, cardiovascular and thoracic, ent, head and neck, adult and pediatric gastrointestinal, general, neurosurgery, obstetrics and gynecology, orthopedics, pediatric, urology, and vascular. As wake county's only state designated level 1 trauma center, Wakemed provides comprehensive trauma surgery for general, orthopedic, neurosurgery, and vascular trauma patients. Because access to specialty care continues to be a key health concern facing our community, Wakemed has expanded its network of specialists through Wakemed physicians who provide subspecialty care to the uninsured and underinsured in our community. Our staff works with the patient to…
$677,013,734 spent$702,272,261 earned by the program31% of program spendingHeart center Wakemed's heart and vascular program is one of the largest and most comprehensive cardiovascular programs in the state of north carolina. This year, 21,030 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 2025, our cardiac patients included 61.4% who were insured under medicare, 8.0% who were insured under medicaid, and 2.2% 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…
$308,581,425 spent$293,178,601 earned by the program14% of program spendingEmergency services a critical issue facing wake county residents continues to be access to affordable health care. To address this challenge, Wakemed has strategically placed six full-service, emergency departments in key geographic areas throughout the county in raleigh, cary, north raleigh, apex, brier creek, and garner. Located in raleigh, Wakemed also operates the only children's emergency department in the county. Because physician availability is key to opening access to care, Wakemed's physician practices, healthplexes, and outpatient services are conveniently positioned through the area. Wakemed is among the top three volume providers of emergency care in north carolina. Wakemed's raleigh campus is also home to wake county's only level 1 trauma center, the highest designation awarded to trauma centers in north carolina. Wakemed cary hospital emergency department is a level iii trauma center. Our trauma services include a comprehensive research program, injury prevention programs, fellowship trained trauma surgeons on-site 24/7, a multi-disciplinary team of professionals, the clinical support of six adult intensive care units and a pediatric intensive care unit, as well as…
$179,342,450 spent$350,387,693 earned by the program8% of program spendingOther program services include hospital in and outpatient ancillary care services in other specialty areas not listed above.
$1,050,768,482 spentof which $2,446,070 as grants$1,210,037,532 earned by the program47% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,215,706,091.
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 2021 to 2022, from $2.0B to $1.7B (−11%).
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.
Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 2% · 2021 1% · 2022 0% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
0% of WAKEMED’s revenue is contributions — about as donation-reliant as the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 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.
Chief executive
Donald Gintzig
President & CEO
Board chair
Thad L Mcdonald Md
Board member, chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $0 → $70k.
3 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 22% 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: $1.3M from one payer (the payer shares this organization's board, largest Wakemed Group Return). These are real filings, and they are not money WAKEMED raised.
From the IRS filings of WAKEMED’s funders (the co-funder graph). Top 11 of 13 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
WAKEMED has a broad base — no single funder exceeds 20% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
100% 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 WAKEMED.
Largest funder’s share by year: 2018 100% · 2019 100% · 2020 62% · 2021 82% · 2022 68% · 2023 90% — 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
50% of WAKEMED's funders are still giving 3 years after their first grant; 38% 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
69% of WAKEMED's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $190k arriving through sponsors registered in 2 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
WAKEMED holds deeper cash reserves than three-quarters of the 1,241 health nonprofits its size.
this organization peer median middle 50% of peers· 1,241 health nonprofits over $100M, FY2025
Government funding WAKEMED receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $6.0M on record.
- Department of Health and Human Services$6.0M
- Department of Justice$12k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like WAKEMED
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 North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
0%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 29 related entities
- Wake Specialty Physicians LLC · disregarded
- Csams New Bern Avenue LLC · disregarded
- Wakemed Specialists Group LLC · disregarded
- Network for Advancing Behavioral Health · disregarded
- Connected Community · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for WAKEMED: 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 WAKEMED?
- WAKEMED (North Carolina) receives grants from 13 organizations whose IRS filings report $848,900 to it, the largest being American Heart Association Inc ($171,500). 5 of them have funded it in more than one year.
- How many funders does WAKEMED have?
- IRS filings report 13 organizations giving $848,900 in grants to WAKEMED, 5 of which have funded it in more than one year.
- Who is the largest funder of WAKEMED?
- American Heart Association Inc is the largest funder on record, with $171,500 in grants. The full list of funders is on this page.
- How can an organization like WAKEMED 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 FY2025 (financials across 2017–2025), and the filings of 13 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 14, 2026. What this page cannot tell you · view filing