HSHS Holy Family Hospital Inc

Analysis

HSHS Holy Family Hospital Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in March 1963, 63 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, HSHS Holy Family Hospital Inc reported income of $25.1m and spending of $28.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $27.3m to $25.1m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HSHS Holy Family Hospital Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Southern California Medical Center Inc ($25.1m), Spectrum Health Service Inc ($25.1m) and Community Research Initiative of New England Inc ($25.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $440k (1.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $21.8m against liabilities of $52.5m, net assets of -$30.7m. It reported 140 employees.