Indiana University Health Jay Inc

Analysis

Indiana University Health Jay Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 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 Jay Inc reported income of $39.1m and spending of $44.9m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.0m to $39.1m (+15%), an average of +3.6% a year. Over the whole period it spent 110% 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 Jay Inc sits at the 92nd percentile: it is larger than about 92% 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 Montefiore Einstein Inc ($39.1m), Aspirus Iron River Hospital & Clinics Inc ($39.2m) and Conquer Cancer FDN of the American Society of Clinical Oncology ($39.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 100% of the total. Other salaries and wages came to $11.9m. At year end it held assets of $23.7m against liabilities of $20.5m, net assets of $3.2m. It reported 215 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.