Rehabilitation Institute of Chicago

Analysis

Rehabilitation Institute of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1954, 72 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 August 2023, Rehabilitation Institute of Chicago reported income of $427.3m and spending of $397.7m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $335.4m to $427.3m (+27%), an average of +6.2% 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, Rehabilitation Institute of Chicago sits at the 98th 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 Florida Hospital Waterman Inc ($427.1m), Piedmont Newnan Hospital Inc ($428.5m) and Mount Sinai Hospital Medical Center ($426.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $4.9m (1.2% of expenses). Other salaries and wages came to $190.1m. It paid $90k in professional fundraising fees. At year end it held assets of $1.18bn against liabilities of $416.3m, net assets of $763.7m. It reported 3,156 employees.