Wheaton Franciscan Healthcare-Iowa Inc

Analysis

Wheaton Franciscan Healthcare-Iowa Inc is a registered charity in United States, based in Waterloo, 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wheaton Franciscan Healthcare-Iowa Inc reported income of $48.5m and spending of $48.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $56.0m to $48.5m (-13%), an average of -3.5% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wheaton Franciscan Healthcare-Iowa Inc sits at the 93rd percentile: it is larger than about 93% 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 El Campo Memorial Hospital ($48.5m), St Joseph Physician Associates ($48.6m) and City of Philadelphia Ttee Administering Wills Eye Institute ($48.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $26.0m against liabilities of $3.0m, net assets of $23.0m.