Jackson Park Hospital Foundation

Analysis

Jackson Park Hospital Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1962, 64 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 March 2023, Jackson Park Hospital Foundation reported income of $104.5m and spending of $98.4m, spending 94% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $55.6m to $104.5m (+88%), an average of +17% a year. The sharpest change came in the year to March 2020, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jackson Park Hospital Foundation sits at the 95th percentile: it is larger than about 95% 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 Huggins Hospital ($104.4m), Columbia Basin Health Association ($104.6m) and Nursing Sisters Home Care Inc ($104.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $4.8m (4.9% of expenses). Other salaries and wages came to $32.0m. At year end it held assets of $138.4m against liabilities of $44.8m, net assets of $93.5m. It reported 816 employees.