Beloit Health System Inc

Analysis

Beloit Health System Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in June 1965, 61 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 December 2023, Beloit Health System Inc reported income of $277.2m and spending of $273.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $262.0m to $277.2m (+5.8%), an average of +1.4% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beloit Health System Inc sits at the 97th percentile: it is larger than about 97% 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 Adventist Health Physicans Network ($277.1m), Southcoast Physicians Group Inc ($277.4m) and Commonspirit Oregon ($277.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $7.7m (2.8% of expenses). Other salaries and wages came to $105.5m. At year end it held assets of $279.6m against liabilities of $106.2m, net assets of $173.4m. It reported 1,861 employees.