South Shore Hospital Corporation

Analysis

South Shore Hospital Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1977, 49 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, South Shore Hospital Corporation reported income of $46.8m and spending of $48.6m, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $40.3m to $46.8m (+16%), an average of +3.1% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Shore Hospital Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Accessia Health ($46.8m), Rehabilitation Hospital of Indiana Inc ($46.8m) and Centro de Salud de Lares Inc ($46.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $650k (1.3% of expenses). Other salaries and wages came to $24.5m. At year end it held assets of $17.2m against liabilities of $17.9m, net assets of -$702k. It reported 452 employees.