Advocate Health Care Network

Analysis

Advocate Health Care Network is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advocate Health Care Network reported income of $592.0m and spending of $523.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485.5m to $592.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advocate Health Care Network sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Marin General Hospital ($590.0m), Wellspan Health ($593.2m) and Baylor All Saints Medical Center ($588.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $974k (0.2% of expenses). Other salaries and wages came to $126.0m. At year end it held assets of $639.3m against liabilities of $88.8m, net assets of $550.5m. It reported 2,112 employees.