Osf Healthcare System

Analysis

Osf Healthcare System is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in March 1946, 80 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 September 2023, Osf Healthcare System reported income of $3.40bn and spending of $3.01bn, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.62bn to $3.40bn (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Osf Healthcare System 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 Dana-Farber Cancer Institute ($3.39bn), The Childrens Hospital of Philadelphia ($3.45bn) and Health Share of Oregon ($3.36bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $17.7m (0.6% of expenses). Other salaries and wages came to $1.12bn. At year end it held assets of $5.28bn against liabilities of $2.76bn, net assets of $2.52bn. It reported 21,320 employees.