Beacon Health System Inc

Analysis

Beacon Health System Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in September 2012, 14 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beacon Health System Inc reported income of $210.8m and spending of $187.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $138.3m to $210.8m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beacon Health System Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Monument Health Network Inc ($210.7m), Au Medical Associates Inc ($211.1m) and St Claire Medical Center Inc ($210.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $2.2m (1.2% of expenses). Other salaries and wages came to $64.4m. At year end it held assets of $1.12bn against liabilities of $98.6m, net assets of $1.02bn. It reported 1,544 employees.