Iowa Health System

Analysis

Iowa Health System is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in October 1996, 30 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 December 2023, Iowa Health System reported income of $495.1m and spending of $487.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $403.0m to $495.1m (+23%), an average of +5.3% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iowa Health System sits at the 98th percentile: it is larger than about 98% of them. 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 Musculoskeletal Transplant Foundation Inc ($493.5m), University Health Services Inc ($495.7m) and Highmark Health ($492.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $22.4m (4.6% of expenses). Other salaries and wages came to $166.8m. At year end it held assets of $1.31bn against liabilities of $1.32bn, net assets of -$7.3m. It reported 2,765 employees.