Lurie Childrens Medical Group Inc

Analysis

Lurie Childrens Medical Group Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 August 2023, Lurie Childrens Medical Group Inc reported income of $269.0m and spending of $250.6m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $198.0m to $269.0m (+36%), an average of +8.0% a year. The sharpest change came in the year to August 2023, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lurie Childrens Medical Group Inc sits at the 97th percentile: it is larger than about 97% of them. 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 Colorado West Healthcare System ($268.8m), Maryland General Hospital ($269.1m) and Hannibal Regional Healthcare System Inc ($268.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.1m (0.4% of expenses). Other salaries and wages came to $157.2m. At year end it held assets of $26.3m against liabilities of $32.0m, net assets of -$5.7m. It reported 703 employees.