Copley Memorial Hospital Inc

Analysis

Copley Memorial Hospital Inc is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in October 1934, 92 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, Copley Memorial Hospital Inc reported income of $399.2m and spending of $371.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $350.3m to $399.2m (+14%), an average of +3.3% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Copley Memorial Hospital Inc 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 Upmc Western Maryland Corporation ($398.9m), Javon Bea Hospital ($399.2m) and CH Allied Services Inc ($398.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $9.1m (2.5% of expenses). Other salaries and wages came to $143.2m. At year end it held assets of $1.04bn against liabilities of $389.3m, net assets of $652.6m. It reported 2,652 employees.