HSHS Medical Group Inc

Analysis

HSHS Medical Group Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, HSHS Medical Group Inc reported income of $211.7m and spending of $230.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $210.7m to $211.7m (+0.5%), an average of +0.1% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, HSHS Medical Group Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 North Texas Food Bank ($211.2m), Munson Healthcare ($215.1m) and Burrell Inc ($211.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.3m (0.6% of expenses). Other salaries and wages came to $126.3m. At year end it held assets of $133.3m against liabilities of $61.5m, net assets of $71.7m. It reported 1,451 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.