Rosecrance Health Network

Analysis

Rosecrance Health Network is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Rosecrance Health Network reported income of $21.5m and spending of $21.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.8m to $21.5m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosecrance Health Network sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Columbia Wellness ($21.4m), Vna & Hospice of the Southwest Region Inc ($21.5m) and LA Casa de Esperanza ($21.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (5.3% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $22.3m against liabilities of $10.8m, net assets of $11.5m. It reported 151 employees.