Elmhurst Memorial Healthcare

Analysis

Elmhurst Memorial Healthcare is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in May 2008, 18 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 December 2022, Elmhurst Memorial Healthcare reported income of $86.3m and spending of $132.6m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to December 2022, income grew from $61.8m to $86.3m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elmhurst Memorial Healthcare sits at the 95th percentile: it is larger than about 95% 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 Atlanticare Health System Inc ($86.3m), Nebraska Methodist Health System Inc ($86.4m) and Northern Montana Hospital ($86.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $53.5m. At year end it held assets of $98.1m against liabilities of $5.8m, net assets of $92.3m.

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.