Deaconess Health System Inc

Analysis

Deaconess Health System Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Deaconess Health System Inc reported income of $99.9m and spending of $162.0m, spending 162% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.2m to $99.9m (+517%), an average of +58% a year. The sharpest change came in the year to September 2021, when income rose by 168%. Over the whole period it spent 239% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Deaconess Health System 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 Harbor Health Services Inc ($99.8m), Newton Healthcare Corporation ($99.9m) and Amego Inc ($99.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 50% of the total. Compensation of current officers, directors and key employees was $944k (0.6% of expenses). Other salaries and wages came to $38.1m. At year end it held assets of $346.2m against liabilities of $236.7m, net assets of $109.5m.

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.