Insight Chicago Inc

Analysis

Insight Chicago Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in April 2022, 4 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, Insight Chicago Inc reported income of $129.6m and spending of $172.5m, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $45.3m to $129.6m (+186%), an average of +69% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Insight Chicago Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Ascension St Francis Hospital Inc ($129.6m), Silverton Health ($130.2m) and Planned Parenthood Mar Monte Inc ($129.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.3m (0.7% of expenses). Other salaries and wages came to $50.2m. At year end it held assets of $67.4m against liabilities of $102.9m, net assets of -$35.5m. It reported 1,060 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.