Froedtert Memorial Lutheran Hospital Inc

Analysis

Froedtert Memorial Lutheran Hospital Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1968, 58 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 Memorial Lutheran Hospital Inc reported income of $2.48bn and spending of $2.39bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.86bn to $2.48bn (+33%), an average of +7.5% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Froedtert Memorial Lutheran Hospital Inc sits at the 100th 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 Northwell Healthcare Inc ($2.46bn), Careoregon Inc ($2.48bn) and St Lukes Regional Medical Center ($2.46bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Other salaries and wages came to $536.6m. At year end it held assets of $1.30bn against liabilities of $151.9m, net assets of $1.15bn.