Indiana University Health Ball Memorial Physicians Inc

Analysis

Indiana University Health Ball Memorial Physicians Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1996, 30 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 Ball Memorial Physicians Inc reported income of $115.6m and spending of $185.4m, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95.1m to $115.6m (+21%), an average of +5.0% a year. Over the whole period it spent 146% 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 Ball Memorial Physicians Inc sits at the 96th percentile: it is larger than about 96% 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 Holy Cross Hospital ($115.5m), Milford Regional Physician Group Inc ($115.6m) and Queen Emma Land Company ($115.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.6m (1.4% of expenses). Other salaries and wages came to $125.2m. At year end it held assets of $18.7m against liabilities of $177.4m, net assets of -$158.7m. It reported 986 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.