Schwab Rehabilitation Hosptial and Care Network

Analysis

Schwab Rehabilitation Hosptial and Care Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1939, 87 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 June 2023, Schwab Rehabilitation Hosptial and Care Network reported income of $49.8m and spending of $47.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.4m to $49.8m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Schwab Rehabilitation Hosptial and Care Network sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Prestera Center for Mental Health ($49.8m), Samaritan Ministries International ($49.9m) and Community Hospital Association Inc ($49.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $491k (1.0% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $90.2m against liabilities of $19.9m, net assets of $70.4m. It reported 393 employees.