University Health Network

Analysis

University Health Network is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in October 1964, 62 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3).

In the financial year ending March 2024, University Health Network reported income of $2.43bn and spending of $2.41bn, spending 99% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.86bn to $2.43bn (+30%), an average of +6.8% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Health Network 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. Charities of a similar size with the same main cause include Riverside Healthcare Association Inc ($2.32bn), Chancellor Masters and Scholars of the University of Cambridge ($2.80bn) and Ascension Health Alliance ($2.17bn).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $5.3m (0.2% of expenses). Other salaries and wages came to $1.19bn. At year end it held assets of $2.49bn against liabilities of $2.07bn, net assets of $421.0m.