Sinai Health System

Analysis

Sinai Health System is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sinai Health System reported income of $89.1m and spending of $92.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $67.1m to $89.1m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2020, when income rose by 22%. 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, Sinai Health System 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 Marana Health Center Inc ($89.0m), Carthage Area Hospital Inc ($89.2m) and Paralyzed Veterans of America ($89.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $546k (0.6% of expenses). Other salaries and wages came to $37.3m. At year end it held assets of $235.9m against liabilities of $90.9m, net assets of $144.9m. It reported 647 employees.