Adventist Glenoaks Hospital

Analysis

Adventist Glenoaks Hospital is a registered charity in United States, based in Glendale HTS, IL. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 June 2023, Adventist Glenoaks Hospital reported income of $65.4m and spending of $67.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $99.2m to $65.4m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adventist Glenoaks Hospital sits at the 99th 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 Mary Haven Center of Hope ($65.4m), Clinical & Support Options Inc ($65.5m) and Sioux Center Health ($65.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $403k (0.6% of expenses). Other salaries and wages came to $22.7m. At year end it held assets of $75.2m against liabilities of $18.5m, net assets of $56.7m.