Shands Teaching Hospital And Clinics Inc: $2.3B Revenue, $1.8B Program Expenses
Gainesville, Florida · EIN 591943502 · Filing year 2023
Shands Teaching Hospital And Clinics Inc reported $2.3B in total revenue, $2.3B in total expenses, and $3.0B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($1.8B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: A (86/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $2.3B
- Total Expenses
- $2.3B
- Program Expenses
- $1.8B
- Program Expense Ratio
- 78.0%
- Total Assets
- $3.0B
- Reserve Months
- 15.9 months
- EIN
- 591943502
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
On the LakeQuality nonprofit efficiency rubric, Shands Teaching Hospital And Clinics Inc pulls an A — the highest available grade. The 86/100 composite reflects a combination of program-focused spending, controlled overhead, and the kind of multi-year financial discipline that grant-makers look for.
On revenue, Shands Teaching Hospital And Clinics Inc is among the largest U.S. nonprofits: $2.3B 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. Shands Teaching Hospital And Clinics Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Five-year revenue trajectory is strongly positive: Shands Teaching Hospital And Clinics Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. 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. Shands Teaching Hospital And Clinics Inc 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.
How Shands Teaching Hospital And Clinics Inc Compares
Shands Teaching Hospital And Clinics Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 86/100 is 5 points above the Health category average. The organization holds 15.9 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Shands Teaching Hospital And Clinics Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Shands Teaching Hospital And Clinics Inc has an Efficiency Score of A (86/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Shands Teaching Hospital And Clinics Inc, Donor FAQ
Shands Teaching Hospital And Clinics Inc has an Efficiency Score of A (86/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Shands Teaching Hospital And Clinics Inc is not reported in the most recent IRS 990 filing on file.
Shands Teaching Hospital And Clinics Inc reported $2.3B in annual revenue and $2.3B in total expenses for filing year 2023. The organization holds $3.0B in total assets.
For every dollar donated to Shands Teaching Hospital And Clinics Inc, approximately 78.0 cents goes to program activities. The organization has 15.9 months of operating reserves, providing financial stability to sustain its mission.
Shands Teaching Hospital And Clinics Inc is a registered 501(c) organization with EIN 591943502, based in Gainesville, Florida. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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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.