Northwestern Memorial Healthcare

Analysis

Northwestern Memorial Healthcare is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2011, 15 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 2022, Northwestern Memorial Healthcare reported income of $286k and spending of $2.1m, spending 749% of what it took in. Across the 5 years on record, from June 2019 to December 2022, income fell from $1.4m to $286k (-80%), an average of -33% a year. The sharpest change came in the year to June 2020, when income rose by 255%. Over the whole period it spent 188% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northwestern Memorial Healthcare sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Early Intervention Center ($286k), Junior Auxiliary Board of Peninsula Regional Medical Center ($287k) and Operation Happy Nurse ($286k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 56% of the total. Other salaries and wages came to $440k. At year end it held assets of $5.2m against liabilities of $151k, net assets of $5.0m.

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.