Alegent Creighton Clinic

Analysis

Alegent Creighton Clinic is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alegent Creighton Clinic reported income of $502.5m and spending of $660.2m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $311.5m to $502.5m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alegent Creighton Clinic 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 Southwest Louisiana Hospital Association Inc ($502.3m), St Vincent Infirmary Medical Center ($503.7m) and Dubois Regional Medical Center ($498.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $8.6m (1.3% of expenses). Other salaries and wages came to $432.0m. At year end it held assets of $105.2m against liabilities of $1.25bn, net assets of -$1.15bn. It reported 3,806 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.