Proctor Health Systems

Analysis

Proctor Health Systems is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in November 1999, 27 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 2023, Proctor Health Systems reported income of $43.0m and spending of $73.9m, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $43.0m (+730%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 2348%. Over the whole period it spent 166% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Proctor Health Systems sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Dccca Inc ($43.0m), Plymouth Harbor Inc ($43.0m) and United Cerebral Palsy Association of Nassau County Inc ($42.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $202k (0.3% of expenses). Other salaries and wages came to $42.3m. At year end it held assets of $41.7m against liabilities of $7.9m, net assets of $33.8m. It reported 714 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.