Commonspirit Health Operating Investment Pool LLC

Analysis

Commonspirit Health Operating Investment Pool LLC is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Commonspirit Health Operating Investment Pool LLC reported income of $367.7m and spending of $18.3m, leaving 95% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $875.3m to $367.7m (-58%), an average of -35% a year. The sharpest change came in the year to June 2023, when income dropped by 60%. Over the whole period it spent 4.3% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Commonspirit Health Operating Investment Pool LLC 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 AZ. Charities of a similar size with the same main cause include CL Healthcare Inc ($329.0m), Foundation for World Evangelism ($452.3m) and Trihealth Inc ($323.2m).

At year end it held assets of $15.22bn against liabilities of $672.5m, net assets of $14.55bn.