Adventist Midwest Health

Analysis

Adventist Midwest Health is a registered charity in United States, based in Hinsdale, IL. It received its IRS tax-exemption ruling in May 1965, 61 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 June 2023, Adventist Midwest Health reported income of $262.8m and spending of $295.4m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $561.7m to $262.8m (-53%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adventist Midwest Health sits at the 97th percentile: it is larger than about 97% 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 Dena Nena Henash ($262.8m), Visiting Nurse Service of New York Home Care II ($263.0m) and CHS Physician Partners PC ($262.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $876k (0.3% of expenses). Other salaries and wages came to $81.7m. At year end it held assets of $585.2m against liabilities of $147.8m, net assets of $437.4m. It reported 127 employees.