Banner-University Medical Group

Analysis

Banner-University Medical Group is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1985, 41 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, Banner-University Medical Group reported income of $538.8m and spending of $705.9m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393.5m to $538.8m (+37%), an average of +8.2% a year. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Banner-University Medical Group sits at the 99th percentile: it is larger than about 98% of them. 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 Connecticut Childrens Medical Center ($538.7m), Catholic Healthcare Trust ($539.5m) and Umsj Health System LLC ($537.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $894k (0.1% of expenses). Other salaries and wages came to $509.8m. At year end it held assets of $90.7m against liabilities of $71.3m, net assets of $19.4m. It reported 3,450 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.