Chestnut Health Systems Inc

Analysis

Chestnut Health Systems Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chestnut Health Systems Inc reported income of $62.3m and spending of $60.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.2m to $62.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chestnut Health Systems Inc sits at the 94th percentile: it is larger than about 94% 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 Down East Community Hospital ($62.3m), The Against Malaria Foundation ($62.3m) and Regional Emergency Medical Services Authority ($62.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $1.5m (2.5% of expenses). Other salaries and wages came to $34.5m. At year end it held assets of $42.1m against liabilities of $13.3m, net assets of $28.8m. It reported 899 employees.