Catholic Health Initiatives-Iowa Corp

Analysis

Catholic Health Initiatives-Iowa Corp is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in March 1946, 80 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, Catholic Health Initiatives-Iowa Corp reported income of $896.6m and spending of $962.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $804.1m to $896.6m (+12%), an average of +2.8% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catholic Health Initiatives-Iowa Corp 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 IA. Charities of a similar size with the same main cause include Bethesda Hospital Inc ($896.5m), Baptist Memorial Hospital ($898.1m) and The Good Samaritan Hospital of Cincinnati Ohio DTD 01251995 ($889.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.7m (0.4% of expenses). Other salaries and wages came to $49.0m. At year end it held assets of $695.3m against liabilities of $626.8m, net assets of $68.4m. It reported 5,719 employees.