Indiana University Health Inc

Analysis

Indiana University Health Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1995, 31 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, Indiana University Health Inc reported income of $5.75bn and spending of $4.97bn, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.16bn to $5.75bn (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 87% 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 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 Inova Health Care Services ($5.67bn), Kaiser Foundation Health Plan of the Mid Atlantic States Inc ($5.88bn) and Providence Health & Services Oregon ($5.47bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $13.3m (0.3% of expenses). Other salaries and wages came to $1.51bn. At year end it held assets of $11.66bn against liabilities of $4.67bn, net assets of $6.99bn. It reported 23,282 employees.