Vanderbilt University Medical Center

Analysis

Vanderbilt University Medical Center is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2015, 11 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 June 2023, Vanderbilt University Medical Center reported income of $6.92bn and spending of $6.81bn, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.55bn to $6.92bn (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vanderbilt University Medical Center 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 TN. Charities of a similar size with the same main cause include Advocate Health and Hospitals Corporation ($6.90bn), Stanford Health Care 227 ($7.05bn) and Northside Hospital Inc ($6.84bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $24.6m (0.4% of expenses). Other salaries and wages came to $3.00bn. It paid $525k in professional fundraising fees. At year end it held assets of $5.89bn against liabilities of $3.78bn, net assets of $2.11bn. It reported 35,318 employees.