Community Health Network Inc

Analysis

Community Health Network Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1965, 61 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, Community Health Network Inc reported income of $2.18bn and spending of $2.01bn, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.65bn to $2.18bn (+33%), an average of +7.3% a year. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Health Network 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 IN. Charities of a similar size with the same main cause include Northshore University Healthsystem ($2.17bn), Southern Baptist Hospital of Florida Inc ($2.22bn) and Providence Health System-Southern California ($2.17bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $15.9m (0.8% of expenses). Other salaries and wages came to $530.7m. At year end it held assets of $2.94bn against liabilities of $2.53bn, net assets of $409.0m. It reported 10,077 employees.