Swedishamerican Hospital
1401 E State St, Rockford, IL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $966,849,776 | $897,724,323 | $778,677,197 |
| FY2024 | $888,094,833 | $824,522,604 | $679,881,464 |
| FY2023 | $806,081,849 | $786,870,384 | $597,578,603 |
| FY2022 | $778,252,715 | $749,600,647 | $576,170,470 |
| FY2021 | $714,842,010 | $686,191,690 | $605,989,100 |
| FY2020 | $637,025,862 | $627,676,366 | $527,239,314 |
| FY2019 | $628,773,321 | $595,044,586 | $523,839,241 |
| FY2018 | $601,095,584 | $548,659,395 | $488,933,632 |
| FY2017 | $547,737,519 | $527,570,016 | $457,454,731 |
| FY2016 | $524,673,461 | $510,578,409 | $440,624,049 |
| FY2015 | $41,027,536 | $39,033,819 | $426,245,189 |
| FY2014 | $494,685,227 | $470,129,992 | $301,416,371 |
| FY2013 | $465,300,913 | $444,059,268 | $270,882,063 |
| FY2012 | $449,706,329 | $439,788,046 | $246,872,726 |
Form 990 filings
The returns filed by Swedishamerican Hospital (EIN 36-2222696), 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 | $2,002,288 | <1% |
| Program service revenue | $936,467,589 | 97% |
| Other revenue | $28,379,899 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $757,537,431 | 84% |
| Management & general | $140,186,892 | 16% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 97% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 16%, and fundraising 0%.
- 84% of functional expenses went to program services in FY2025. That is higher than 50.5% of 188 Health Care organizations in IL.
- Net assets covered about 10.4 months of expenses at the end of the reporting year. That puts it in the 41st percentile among 690 Health Care organizations in IL.
- Total revenue was higher than 98.6% of 708 Health Care organizations in IL.
- Total revenue rose from $449,706,329 in FY2012 to $966,849,776 in FY2025. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $246,872,726 to $778,677,197 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
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
Through excellence in healthcare and compassionate service, we care for our community.
IRS status
| Ruling year | 1936 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in IL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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