Swedishamerican Health System Corporation

Analysis

Swedishamerican Health System Corporation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 1983, 43 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 June 2023, Swedishamerican Health System Corporation reported income of $85k and spending of $1.2m, spending 1442% of what it took in. The sharpest change came in the year to June 2022, when income rose by 257%. Over the whole period it spent 2146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Swedishamerican Health System Corporation sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Thrive for Life Foundation ($85k), Bleeding Disorders Alliance of North Dakota ($85k) and Breast Connect Inc ($85k).

At year end it held assets of $39.7m against liabilities of $8.4m, net assets of $31.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.