Northwestern Memorial Healthcare

Analysis

Northwestern Memorial Healthcare is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Northwestern Memorial Healthcare reported income of $9.15bn and spending of $8.94bn, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.48bn to $9.15bn (+41%), an average of +9.0% a year. The sharpest change came in the year to August 2021, when income rose by 17%. 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, Northwestern Memorial Healthcare 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 Nyu Langone Hospitals ($8.87bn), Banner Health ($9.48bn) and Bon Secours Mercy Health Inc ($8.71bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $20.3m (0.2% of expenses). Other salaries and wages came to $3.06bn. At year end it held assets of $13.34bn against liabilities of $3.55bn, net assets of $9.78bn. It reported 35,669 employees.