Rockford Health Physicians

Analysis

Rockford Health Physicians is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 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, Rockford Health Physicians reported income of $127.9m and spending of $147.2m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $160.3m to $127.9m (-20%), an average of -5.5% a year. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rockford Health Physicians 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 Northwestern Medical Center Inc ($127.7m), Hospital & Medical Foundation of Paris Inc ($128.0m) and Lakeview Center Inc ($127.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 63% of the total. Other salaries and wages came to $96.1m. At year end it held assets of $124.0m against liabilities of $51.2m, net assets of $72.8m. It reported 961 employees.

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.