Banner Health

Analysis

Banner Health is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 1977, 49 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, Banner Health reported income of $9.48bn and spending of $8.67bn, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.14bn to $9.48bn (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Banner Health 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 AZ. Charities of a similar size with the same main cause include Northwestern Memorial Healthcare ($9.15bn), Ihc Health Services Inc ($9.64bn) and Nyu Langone Hospitals ($8.87bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $44.1m (0.5% of expenses). Other salaries and wages came to $3.58bn. At year end it held assets of $15.05bn against liabilities of $7.22bn, net assets of $7.83bn. It reported 51,932 employees.