Adventist Healthcare Inc

Analysis

Adventist Healthcare Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adventist Healthcare Inc reported income of $910.2m and spending of $867.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $761.2m to $910.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 16%. 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, Adventist Healthcare Inc 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 MD. Charities of a similar size with the same main cause include Queens University at Kingston Department of Financial Services ($894.4m), Atlanticare Health System Inc ($989.7m) and Big Ten Conference Inc ($879.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $8.6m (1.0% of expenses). Other salaries and wages came to $363.9m. At year end it held assets of $1.64bn against liabilities of $1.03bn, net assets of $614.7m. It reported 8,355 employees.