Elmhurst Memorial Healthcare

Analysis

Elmhurst Memorial Healthcare is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in May 2008, 18 years ago. 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 2022, Elmhurst Memorial Healthcare reported income of $573.7m and spending of $509.6m, spending 89% of its income. Across the 5 years on record, from June 2019 to December 2022, income grew from $530.0m to $573.7m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elmhurst Memorial Healthcare 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 IL. Charities of a similar size with the same main cause include Family Endeavors Inc ($569.6m), Young Mens Christian Association Retirement Fund ($606.4m) and Carleton University ($560.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.7m (0.5% of expenses). Other salaries and wages came to $166.8m. At year end it held assets of $473.1m against liabilities of $105.5m, net assets of $367.6m. It reported 3,591 employees.