Versiti Indiana Inc

Analysis

Versiti Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1954, 72 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Versiti Indiana Inc reported income of $87.0m and spending of $88.7m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $68.1m to $87.0m (+28%), an average of +5.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Versiti Indiana Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Mercy Life ($86.9m), Acts Communities of Maryland Inc ($87.1m) and Weeks Medical Center ($86.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (1.7% of expenses). Other salaries and wages came to $24.7m. At year end it held assets of $45.9m against liabilities of $11.2m, net assets of $34.7m. It reported 667 employees.

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.