Thorek Memorial Hospital

Analysis

Thorek Memorial Hospital is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1939, 87 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, Thorek Memorial Hospital reported income of $142.6m and spending of $101.5m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $77.7m to $142.6m (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thorek Memorial Hospital sits at the 96th percentile: it is larger than about 96% 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 Presence Healthcare Services ($142.4m), Community Health Aide Services Inc ($142.9m) and SSM Regional Health Services ($142.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.9m (1.9% of expenses). Other salaries and wages came to $33.7m. At year end it held assets of $538.4m against liabilities of $24.5m, net assets of $513.9m. It reported 665 employees.