Unity Healthcare

Analysis

Unity Healthcare is a registered charity in United States, based in Muscatine, IA. It received its IRS tax-exemption ruling in January 1951, 75 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Unity Healthcare reported income of $68.0m and spending of $57.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50.2m to $68.0m (+35%), an average of +7.9% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Unity Healthcare sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Grand Island Regional Medical Center ($67.8m), Saint Agnes Medical Foundation ($68.0m) and Adventhealth South Overland Park Inc ($67.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $206k (0.4% of expenses). Other salaries and wages came to $27.8m. At year end it held assets of $78.0m against liabilities of $27.4m, net assets of $50.6m. It reported 367 employees.