University Hospitals Health System Inc

Analysis

University Hospitals Health System Inc is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in February 1989, 37 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, University Hospitals Health System Inc reported income of $5.29bn and spending of $5.33bn, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.05bn to $5.29bn (+31%), an average of +6.9% a year. 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, University Hospitals Health System Inc 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 OH. Charities of a similar size with the same main cause include Sentara Health Plans ($5.25bn), Allina Health System ($5.38bn) and Metroplus Health Plan Inc ($5.22bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $18.2m (0.3% of expenses). Other salaries and wages came to $1.99bn. At year end it held assets of $3.28bn against liabilities of $509.5m, net assets of $2.77bn. It reported 32,607 employees.