Presence Chicago Hospitals Network

Analysis

Presence Chicago Hospitals Network is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1943, 83 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Presence Chicago Hospitals Network reported income of $1.23bn and spending of $1.32bn, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.09bn to $1.23bn (+13%), an average of +3.2% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presence Chicago Hospitals Network 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 MO. Charities of a similar size with the same main cause include The Evangelical Lutheran Good Samaritan Society ($953.3m), AIDS Healthcare Foundation ($2.29bn) and Southwest Key Programs Inc ($897.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. At year end it held assets of $885.0m against liabilities of $351.3m, net assets of $533.7m.