Northshore University Healthsystem

Analysis

Northshore University Healthsystem is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in October 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 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, Northshore University Healthsystem reported income of $2.17bn and spending of $2.14bn, spending 98% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.88bn to $2.17bn (+15%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 263%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northshore University Healthsystem 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 Providence Health System-Southern California ($2.17bn), Community Health Network Inc ($2.18bn) and SSM Health Care St Louis ($2.15bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $25.1m (1.2% of expenses). Other salaries and wages came to $713.5m. At year end it held assets of $6.51bn against liabilities of $2.95bn, net assets of $3.57bn. It reported 13,018 employees.