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Health · 2023 Form 990

Advocate Health And Hospitals Corporation: $6.9B Revenue, $5.9B Program Expenses

Downers Grove, Illinois · EIN 362169147 · Filing year 2023

Advocate Health And Hospitals Corporation reported $6.9B in total revenue, $7.5B in total expenses, and $16.1B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($5.9B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (83/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

A
Efficiency Score
83/100

Key Facts (2023 Form 990)

Total Revenue
$6.9B
Total Expenses
$7.5B
Program Expenses
$5.9B
Program Expense Ratio
78.0%
Total Assets
$16.1B
Reserve Months
25.7 months
EIN
362169147
Latest 990 Year
2023
Top Officer Compensation
Not reported

Advocate Health And Hospitals Corporation earns an A on the nonprofit efficiency rubric — a top-tier rating that reflects strong program-spending ratios, reasonable executive compensation, and stable financial reserves. The composite score of 83/100 places it in the upper bracket of U.S. tax-exempt organizations.

On revenue, Advocate Health And Hospitals Corporation is among the largest U.S. nonprofits: $6.9B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Five-year revenue has grown modestly. Advocate Health And Hospitals Corporation is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Advocate Health And Hospitals Corporation is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. Revenue-to-program ratios in this category often look different from smaller-program nonprofits because the underlying operations are capital-intensive.


$6.9B
Revenue
$7.5B
Expenses
$16.1B
Total Assets
78.0%
Program Spending

How Advocate Health And Hospitals Corporation Compares

Advocate Health And Hospitals Corporation directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 83/100 is 2 points above the Health category average. The organization holds 25.7 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$5.9B
Program Spending
78.0% of expenses
Not reported
CEO Compensation
25.7 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Advocate Health And Hospitals Corporation, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Advocate Health And Hospitals Corporation has an Efficiency Score of A (83/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Advocate Health And Hospitals Corporation, Donor FAQ

Advocate Health And Hospitals Corporation has an Efficiency Score of A (83/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Advocate Health And Hospitals Corporation is not reported in the most recent IRS 990 filing on file.

Advocate Health And Hospitals Corporation reported $6.9B in annual revenue and $7.5B in total expenses for filing year 2023. The organization holds $16.1B in total assets.

For every dollar donated to Advocate Health And Hospitals Corporation, approximately 78.0 cents goes to program activities. The organization has 25.7 months of operating reserves, providing financial stability to sustain its mission.

Advocate Health And Hospitals Corporation is a registered 501(c) organization with EIN 362169147, based in Downers Grove, Illinois. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.