University Hospitals Health System Inc

Analysis

University Hospitals Health System Inc is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in February 1989, 37 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 2021, University Hospitals Health System Inc reported income of $475.5m and spending of $434.2m, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $420.1m to $475.5m (+13%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Hospitals Health System Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Cook Childrens Physician Network ($473.8m), Sea Mar Community Health Centers ($476.4m) and Chorus Community Health Plans Inc ($473.6m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 3.3% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $7.0m (1.6% of expenses). Other salaries and wages came to $134.1m. At year end it held assets of $631.2m against liabilities of $121.8m, net assets of $509.4m. It reported 3,320 employees.