Swedish Covenant Hospital Foundation

Analysis

Swedish Covenant Hospital Foundation is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swedish Covenant Hospital Foundation reported income of $3.6m and spending of $698k, leaving 81% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $2.6m to $3.6m (+41%), an average of +7.2% a year. The sharpest change came in the year to September 2020, when income rose by 797%. Over the whole period it spent 11% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Swedish Covenant Hospital Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Echoing Hope Ranch ($3.6m), Okc Metro Alliance Inc ($3.6m) and Medicos Mission Fund ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $400k. At year end it held assets of $64.0m against liabilities of $1.3m, net assets of $62.7m.