Union Hospital Inc

Analysis

Union Hospital Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in October 1937, 89 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, Union Hospital Inc reported income of $699.8m and spending of $615.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $524.5m to $699.8m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Union Hospital Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Saint Francis Medical Center ($698.7m), Berkshire Medical Center Inc ($700.9m) and Columbia St Marys Hospital Milwaukee Inc ($698.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $6.9m (1.1% of expenses). Other salaries and wages came to $151.1m. At year end it held assets of $748.5m against liabilities of $357.6m, net assets of $390.9m. It reported 3,669 employees.