Holy Cross Hospital

Analysis

Holy Cross Hospital is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Holy Cross Hospital reported income of $115.5m and spending of $136.0m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $114.7m to $115.5m (+0.7%), an average of +0.2% a year. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holy Cross Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Queen Emma Land Company ($115.1m), Indiana University Health Ball Memorial Physicians Inc ($115.6m) and Rome Memorial Hospital Inc ($115.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $246k (0.2% of expenses). Other salaries and wages came to $37.7m. At year end it held assets of $91.5m against liabilities of $53.6m, net assets of $37.9m. It reported 761 employees.