Rush University Medical Center

Analysis

Rush University Medical Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1960, 66 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, Rush University Medical Center reported income of $2.66bn and spending of $2.59bn, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.12bn to $2.66bn (+26%), an average of +5.9% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rush University Medical Center sits at the 100th 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 Miltons S Hershey Medical Center ($2.65bn), Beth Israel Deaconess Medical Center Inc ($2.69bn) and Catholic Health Initiatives Colorado ($2.63bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $33.0m (1.3% of expenses). Other salaries and wages came to $1.10bn. It paid $466k in professional fundraising fees. At year end it held assets of $4.54bn against liabilities of $1.95bn, net assets of $2.59bn. It reported 14,940 employees.