Adventist Health System Sunbelt Inc

Analysis

Adventist Health System Sunbelt Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in January 1950, 76 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 2022, Adventist Health System Sunbelt Inc reported income of $6.25bn and spending of $5.81bn, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.69bn to $6.25bn (+33%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adventist Health System Sunbelt 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 FL. Charities of a similar size with the same main cause include Ucare Minnesota ($6.16bn), Global Fund to Fight AIDS Tuberculosis and Malaria ($6.31bn) and Kaiser Foundation Health Plan of the Mid Atlantic States Inc ($5.88bn).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $16.0m (0.3% of expenses). Other salaries and wages came to $1.85bn. At year end it held assets of $11.01bn against liabilities of $4.98bn, net assets of $6.03bn. It reported 36,897 employees.