Advocate Charitable Foundation

Analysis

Advocate Charitable Foundation is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in July 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 December 2023, Advocate Charitable Foundation reported income of $38.4m and spending of $32.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $46.0m to $38.4m (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income rose by 293%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advocate Charitable Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Columbia University Health Care Inc ($38.4m), Kings View ($38.4m) and Masonicare Home Health and Hospice Inc ($38.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $1.1m (3.4% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $194.7m against liabilities of $3.3m, net assets of $191.3m. It reported 56 employees.