Adventist Health Partners Inc

Analysis

Adventist Health Partners Inc is a registered charity in United States, based in LA Grange, IL. It received its IRS tax-exemption ruling in August 2023, 3 years ago. 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, Adventist Health Partners Inc reported income of $74.3m and spending of $83.7m, spending 113% of what it took in. Across the 4 years on record, from December 2019 to June 2023, income fell from $96.6m to $74.3m (-23%), an average of -8.4% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adventist Health Partners Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Healthsource of Ohio Inc ($74.1m), Batten University ($74.3m) and Urban Affairs Coalition ($74.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.3m (1.5% of expenses). Other salaries and wages came to $47.1m. At year end it held assets of $34.2m against liabilities of $242.5m, net assets of -$208.4m.

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.