Michael Reese Health Trust
200 W Madison St Ste 300, Chicago, IL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $21,519,197 | $14,015,986 | $158,744,672 |
| FY2024 | $2,229,259 | $15,363,841 | $158,480,893 |
| FY2023 | $6,390,366 | $10,206,792 | $157,030,603 |
| FY2022 | $20,711,824 | $15,968,436 | $154,458,689 |
| FY2015 | $12,585,732 | $10,331,934 | $139,134,017 |
| FY2014 | $8,283,108 | $8,452,289 | $143,009,802 |
| FY2013 | $13,958,820 | $7,138,017 | $130,841,957 |
| FY2012 | $3,709,679 | $7,136,036 | $121,276,147 |
| FY2011 | $7,442,565 | $8,971,724 | $127,144,572 |
Form 990 filings
The returns filed by Michael Reese Health Trust (EIN 36-2170910), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,042,983 | 9% |
| Program service revenue | $0 | 0% |
| Other revenue | $19,476,214 | 91% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $12,388,703 | 88% |
| Management & general | $1,439,797 | 10% |
| Fundraising | $187,486 | 1% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in IL. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2022 | $12,502,737 |
| FY2015 | $8,305,491 |
| FY2014 | $6,152,672 |
| FY2013 | $5,221,127 |
| FY2012 | $4,978,095 |
| FY2011 | $6,890,593 |
What the numbers show
- Other revenue made up 91% of total revenue in FY2025.
- Program services accounted for 88% of functional expenses, management & general 10%, and fundraising 1%.
- 88% of functional expenses went to program services in FY2025. That is higher than 69.7% of 188 Health Care organizations in IL.
- Net assets covered about 135.9 months of expenses at the end of the reporting year. That puts it in the 87th percentile among 690 Health Care organizations in IL.
- Total revenue was higher than 78.2% of 708 Health Care organizations in IL.
- Total revenue rose from $7,442,565 in FY2011 to $21,519,197 in FY2025. Revenue increased in 4 and decreased in 4 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 9 reported years (FY2011, FY2012, FY2014, FY2023, FY2024).
- Net assets grew from $127,144,572 to $158,744,672 between FY2011 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Michael Reese partners with the Chicagoland community to advance and advocate for lasting health solutions. We do this by carrying forward the vision of Michael Reese Hospital's Jewish founders and the generations of philanthropic leadership they inspired.
IRS status
| Ruling year | 2024 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | E99 — Health Care (in IL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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