Edward Health Ventures

Analysis

Edward Health Ventures is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in April 1988, 38 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edward Health Ventures reported income of $176.4m and spending of $241.6m, spending 137% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $118.7m to $176.4m (+49%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 118%. Over the whole period it spent 156% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Edward Health Ventures sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Mary Free Bed Rehabilitation Hospital ($176.2m), Baystate Administrative Services Inc ($176.8m) and National Rehabilitation Hospital Inc ($176.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.2m (0.9% of expenses). Other salaries and wages came to $160.7m. At year end it held assets of $129.7m against liabilities of $80.6m, net assets of $49.1m. It reported 1,704 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.