Froedtert Thedacare Health Inc

Analysis

Froedtert Thedacare Health Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2023, Froedtert Thedacare Health Inc reported income of $1.10bn and spending of $990.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $598.8m to $1.10bn (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Froedtert Thedacare Health Inc sits at the 99th 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 WI. Charities of a similar size with the same main cause include Henry Ford Health St John Hospital ($1.10bn), Baptist Health of South Florida Inc ($1.10bn) and Billings Clinic ($1.09bn).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $17.5m (1.8% of expenses). Other salaries and wages came to $257.2m. At year end it held assets of $3.38bn against liabilities of $1.35bn, net assets of $2.03bn. It reported 15,428 employees.