University Health System Inc

Analysis

University Health System Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, University Health System Inc reported income of $1.50bn and spending of $1.46bn, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.06bn to $1.50bn (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Health System 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 TN. Charities of a similar size with the same main cause include Medstar-Georgetown Medical Center Inc ($1.49bn), Dignity Health Medical Foundation ($1.50bn) and Avera McKennan ($1.49bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $14.2m (1.0% of expenses). Other salaries and wages came to $456.7m. It paid $2,678 in professional fundraising fees. At year end it held assets of $1.27bn against liabilities of $860.2m, net assets of $408.0m. It reported 6,752 employees.