Adventist Bolingbrook Hospital

Analysis

Adventist Bolingbrook Hospital is a registered charity in United States, based in Bolingbrook, IL. It received its IRS tax-exemption ruling in June 2023, 3 years ago. 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, Adventist Bolingbrook Hospital reported income of $122.5m and spending of $124.0m, spending 101% of its income. Across the 4 years on record, from December 2019 to June 2023, income fell from $141.0m to $122.5m (-13%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adventist Bolingbrook Hospital 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 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Forum Credit Union ($122.0m), The Providence Community Health Centers Inc ($122.6m) and Marymount University ($121.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $556k (0.4% of expenses). Other salaries and wages came to $31.6m. At year end it held assets of $284.8m against liabilities of $44.3m, net assets of $240.5m.