McGaw Medical Center of Northwestern University

Analysis

McGaw Medical Center of Northwestern University is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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 August 2023, McGaw Medical Center of Northwestern University reported income of $119.9m and spending of $120.0m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $97.0m to $119.9m (+24%), an average of +5.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McGaw Medical Center of Northwestern University 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 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include The Alameda County Community Food Bank Inc ($119.8m), Start Early ($120.1m) and Franciscan Communities Inc ($119.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $300k (0.3% of expenses). Other salaries and wages came to $96.2m. At year end it held assets of $22.9m against liabilities of $11.1m, net assets of $11.7m. It reported 1,664 employees.