Banner University Family Care

Analysis

Banner University Family Care is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2017, 9 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Banner University Family Care reported income of $1.97bn and spending of $1.87bn, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.21bn to $1.97bn (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Banner University Family Care 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 Carnegie Mellon University ($1.88bn), Park Nicollet ($2.00bn) and Hawaii Pacific Health Group Return ($1.66bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $45.3m. At year end it held assets of $658.9m against liabilities of $496.3m, net assets of $162.7m.