Advocate Health Care Network

Analysis

Advocate Health Care Network is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advocate Health Care Network reported income of $20.0m and spending of $222k, leaving 99% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $12.0m to $20.0m (+66%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 1140%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advocate Health Care Network sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include St Vincent Seton Specialty Hospital Inc ($20.0m), Charles County Nursing Home Inc ($20.0m) and St Francis Medical Center ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% of the total. Other salaries and wages came to $76k. At year end it held assets of $603.9m against liabilities of $15.0m, net assets of $589.0m.