Indiana University Health Care Associates Inc

Analysis

Indiana University Health Care Associates Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 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 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, Indiana University Health Care Associates Inc reported income of $1.28bn and spending of $1.74bn, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $864.2m to $1.28bn (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 133% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Indiana University Health Care Associates Inc sits at the 99th 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 Mother Frances Hospital Regional Health Care Center ($1.26bn), Priority Health Choice Inc ($1.29bn) and Group Health Inc ($1.26bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.7m (0.3% of expenses). Other salaries and wages came to $1.19bn. At year end it held assets of $191.3m against liabilities of $248.9m, net assets of -$57.6m. It reported 7,385 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.