Froedtert South Inc

Analysis

Froedtert South Inc is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in January 1938, 88 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, Froedtert South Inc reported income of $382.7m and spending of $365.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $343.2m to $382.7m (+11%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Froedtert South Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Carilion Services Inc ($382.6m), St Alexius Medical Center ($383.4m) and Lakeland Care Incorporated ($382.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.3m (1.5% of expenses). Other salaries and wages came to $146.7m. At year end it held assets of $610.2m against liabilities of $59.5m, net assets of $550.7m. It reported 2,602 employees.