Ingalls Memorial Hospital

Analysis

Ingalls Memorial Hospital is a registered charity in United States, based in Harvey, IL. It received its IRS tax-exemption ruling in February 1937, 89 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, Ingalls Memorial Hospital reported income of $326.1m and spending of $352.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $300.4m to $326.1m (+8.6%), an average of +2.1% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ingalls Memorial 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 The Mercy Hospital Inc ($325.8m), North East Medical Services ($327.0m) and Baptist Health System Inc ($325.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $477k (0.1% of expenses). Other salaries and wages came to $126.0m. At year end it held assets of $435.7m against liabilities of $208.3m, net assets of $227.4m. It reported 2,526 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.