Northwestern Memorial Healthcare

Analysis

Northwestern Memorial Healthcare is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Northwestern Memorial Healthcare reported income of $2.06bn and spending of $1.68bn, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.23bn to $2.06bn (+68%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northwestern Memorial Healthcare 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 IL. Charities of a similar size with the same main cause include Mass General Brigham Incorporated ($2.05bn), Temple University Hospital Inc ($2.06bn) and Childrens Mercy Hospital ($2.04bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $19.8m (1.2% of expenses). Other salaries and wages came to $494.4m. At year end it held assets of $13.85bn against liabilities of $10.91bn, net assets of $2.94bn. It reported 5,725 employees.