Northwestern Memorial Healthcare

Analysis

Northwestern Memorial Healthcare is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2011, 15 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 2020, Northwestern Memorial Healthcare reported income of $435.2m and spending of $465.2m, spending 107% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income grew from $418.2m to $435.2m (+4.1%), an average of +4.1% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northwestern Memorial Healthcare 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 Jupiter Medical Center Inc ($434.2m), Mercy Medical Center ($435.7m) and Heritage Valley Health System Inc ($434.1m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 9.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.9m (0.6% of expenses). Other salaries and wages came to $185.9m. At year end it held assets of $668.1m against liabilities of $427.7m, net assets of $240.4m. It reported 3,501 employees.