Silver Cross Hospital & Medical Centers

Analysis

Silver Cross Hospital & Medical Centers is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in March 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 September 2023, Silver Cross Hospital & Medical Centers reported income of $526.5m and spending of $504.0m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $420.0m to $526.5m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Silver Cross Hospital & Medical Centers sits at the 99th 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 Advocate Sherman Hospital ($526.1m), Sentara RMH Medical Center ($527.2m) and Wheeling Hospital Inc ($524.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Other salaries and wages came to $178.6m. At year end it held assets of $1.04bn against liabilities of $585.3m, net assets of $453.5m. It reported 3,780 employees.