Versiti Illinois Inc

Analysis

Versiti Illinois Inc is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in August 1945, 81 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Versiti Illinois Inc reported income of $63.0m and spending of $56.5m, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $52.3m to $63.0m (+20%), an average of +3.8% a year. 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, Versiti Illinois Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Mobile Medical Response Inc ($62.9m), Riverview Healthcare Association ($63.0m) and Rocky Mountain Planned Parenthood Inc ($62.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.2m (2.2% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $75.1m against liabilities of $6.8m, net assets of $68.3m. It reported 515 employees.