Commonspirit Health

Analysis

Commonspirit Health is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Commonspirit Health reported income of $3.88bn and spending of $3.91bn, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.50bn to $3.88bn (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonspirit 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 Texas Childrens Hospital ($3.83bn), Mount Sinai Hospital ($3.95bn) and Umass Memorial Health Care Inc ($3.73bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $28.4m (0.7% of expenses). Other salaries and wages came to $873.1m. At year end it held assets of $9.16bn against liabilities of $15.36bn, net assets of -$6.20bn. It reported 10,756 employees.