Ann & Robert H Lurie Childrens Hospital of Chicago

Analysis

Ann & Robert H Lurie Childrens Hospital of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1923, 103 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 August 2023, Ann & Robert H Lurie Childrens Hospital of Chicago reported income of $1.47bn and spending of $1.40bn, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.13bn to $1.47bn (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2022, when income rose by 16%. 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, Ann & Robert H Lurie Childrens Hospital of Chicago sits at the 99th 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 Lancaster General Hospital ($1.47bn), Piedmont Healthcare Inc ($1.48bn) and MCHS Hospitals Inc ($1.46bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $6.5m (0.5% of expenses). Other salaries and wages came to $570.0m. At year end it held assets of $3.22bn against liabilities of $929.8m, net assets of $2.29bn. It reported 7,744 employees.