Ihc Health Services Inc

Analysis

Ihc Health Services Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1982, 44 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, Ihc Health Services Inc reported income of $9.64bn and spending of $8.79bn, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.98bn to $9.64bn (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ihc Health Services 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 UT. Charities of a similar size with the same main cause include Banner Health ($9.48bn), Providence Health & Services Washington ($9.78bn) and Northwestern Memorial Healthcare ($9.15bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $44.5m (0.5% of expenses). Other salaries and wages came to $3.73bn. At year end it held assets of $16.79bn against liabilities of $2.43bn, net assets of $14.36bn. It reported 51,256 employees.