Genesis Health System

Analysis

Genesis Health System is a registered charity in United States, based in Silvis, IL. It received its IRS tax-exemption ruling in January 1994, 32 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 June 2023, Genesis Health System reported income of $149.7m and spending of $162.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $97.4m to $149.7m (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis Health System sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Mount St Marys Hospital of Niagara Falls ($149.6m), Centerstone of Tennessee Inc ($149.7m) and Western Healthconnect ($149.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $82.9m. At year end it held assets of $144.4m against liabilities of $87.6m, net assets of $56.9m. It reported 858 employees.