Memorial Health System

Analysis

Memorial Health System is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in April 2010, 16 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 September 2023, Memorial Health System reported income of $163.3m and spending of $175.5m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $77.8m to $163.3m (+110%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 45%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Health System 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 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Bryan Hospital Kearney ($163.3m), Wake Forest University Baptist Medical Center ($163.4m) and United Memorial Medical Center ($163.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $5.4m (3.1% of expenses). Other salaries and wages came to $30.9m. At year end it held assets of $578.6m against liabilities of $385.7m, net assets of $192.9m. It reported 10,734 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.