Banner-University Care Advantage

Analysis

Banner-University Care Advantage is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Banner-University Care Advantage reported income of $327.9m and spending of $330.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $283.8m to $327.9m (+16%), an average of +3.7% 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, Banner-University Care Advantage 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 AZ. Charities of a similar size with the same main cause include Promedica Health System Inc ($327.9m), Covenant Medical Center Inc ($328.8m) and McLaren Bay Region ($327.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $12.8m. At year end it held assets of $93.0m against liabilities of $84.1m, net assets of $8.9m.