Commonspirit Health Research Institute

Analysis

Commonspirit Health Research Institute is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 2013, 13 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 June 2023, Commonspirit Health Research Institute reported income of $1.9m and spending of $4.7m, spending 249% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $1.9m (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 41%. Over the whole period it spent 221% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonspirit Health Research Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Tel Hai Services Inc ($1.9m), Westminster-Canterbury on Chesapeake Bay Foundation ($1.9m) and Center for Healthcare Solutions ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $403k (8.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $54.1m against liabilities of $74.2m, net assets of -$20.1m. It reported 23 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.