Loyola University Medical Center

Analysis

Loyola University Medical Center is a registered charity in United States, based in Maywood, IL. It received its IRS tax-exemption ruling in July 1995, 31 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, Loyola University Medical Center reported income of $1.64bn and spending of $1.62bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.45bn to $1.64bn (+13%), an average of +3.1% a year. Over the whole period it spent 96% 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 Medical Center sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Adventist Health System Sunbelt Healthcare Corporation ($1.64bn), Memorial Sloan-Kettering Cancer Center ($1.67bn) and Lester E Cox Medical Center ($1.64bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.9m (0.3% of expenses). Other salaries and wages came to $620.2m. At year end it held assets of $3.69bn against liabilities of $3.30bn, net assets of $392.8m. It reported 11,955 employees.