Advocate Sherman Hospital

Analysis

Advocate Sherman Hospital is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in May 1956, 70 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, Advocate Sherman Hospital reported income of $526.1m and spending of $496.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $465.9m to $526.1m (+13%), 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, Advocate Sherman Hospital sits at the 98th percentile: it is larger than about 98% of them. 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 Wheeling Hospital Inc ($524.9m), Silver Cross Hospital & Medical Centers ($526.5m) and Providence Health & Services Mt ($524.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $923k (0.2% of expenses). Other salaries and wages came to $100.3m. At year end it held assets of $439.9m against liabilities of $243.3m, net assets of $196.6m. It reported 1,645 employees.