Indiana University Health Frankfort Inc

Analysis

Indiana University Health Frankfort Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2017, 9 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 December 2023, Indiana University Health Frankfort Inc reported income of $28.2m and spending of $32.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.8m to $28.2m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Indiana University Health Frankfort Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Westbrook Health Services Inc ($28.2m), Texas Health Resources Foundation ($28.2m) and Appalachian Mountain Project Access ($28.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $7.9m. At year end it held assets of $34.4m against liabilities of $43.9m, net assets of -$9.5m. It reported 166 employees.