Loyola University Health System

Analysis

Loyola University Health System is a registered charity in United States, based in Maywood, IL. It received its IRS tax-exemption ruling in March 1946, 80 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, Loyola University Health System reported income of $186.0m and spending of $193.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $186.0m (+6516%), an average of +185% a year. The sharpest change came in the year to June 2020, when income rose by 4408%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Loyola University Health System 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 Oswego Hospital Inc ($185.5m), Access Community Health Network ($186.3m) and Ashtabula County Medical Center ($184.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $71.5m. It paid $14k in professional fundraising fees. At year end it held assets of $2.84bn against liabilities of $2.77bn, net assets of $67.4m.

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.