Silver Cross Health System Inc

Analysis

Silver Cross Health System Inc is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in February 1984, 42 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 September 2023, Silver Cross Health System Inc reported income of $11.1m and spending of $9.8m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.0m to $11.1m (+12%), an average of +2.9% a year. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Silver Cross Health System Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Piedmont Healthcare Foundation Inc ($11.1m), Berkshire Extended Care Services Inc ($11.2m) and The Arc of Pennsylvania ($11.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $6.1m (62% of expenses). Other salaries and wages came to $358k. At year end it held assets of $124.5m against liabilities of $103.0m, net assets of $21.5m. It reported 13 employees.