Edward Hospital

Analysis

Edward Hospital is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in June 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edward Hospital reported income of $842.0m and spending of $628.9m, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $692.1m to $842.0m (+22%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Edward 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 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Mission Hospital Regional Medical Center ($840.7m), Poudre Valley Health Care Inc ($842.3m) and Wellmont Health System ($840.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.2m (0.2% of expenses). Other salaries and wages came to $224.2m. At year end it held assets of $492.3m against liabilities of $107.5m, net assets of $384.8m. It reported 3,889 employees.