NORTHWESTERN MEMORIAL HEALTHCARE
541 N FAIRBANKS CT 1630, CHICAGO, IL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $2,773,030,061 | $1,945,972,760 | $4,326,892,898 |
| FY2024 | $2,259,070,785 | $1,801,649,652 | $3,676,435,384 |
| FY2023 | $2,057,415,454 | $1,684,720,180 | $2,935,384,127 |
| FY2022 | $2,009,411,319 | $1,556,886,755 | $1,961,271,648 |
| FY2021 | $1,940,088,949 | $1,432,403,223 | $3,049,019,381 |
| FY2020 | $1,513,487,183 | $1,292,087,754 | $1,269,967,010 |
| FY2019 | $1,226,577,935 | $1,113,739,354 | $576,666,914 |
| FY2018 | $1,193,319,992 | $985,573,720 | $966,449,566 |
| FY2017 | $917,002,190 | $745,452,267 | $1,045,456,640 |
| FY2016 | $456,908,350 | $686,958,217 | $455,750,146 |
| FY2015 | $432,069,394 | $464,599,578 | $520,602,154 |
| FY2014 | $421,341,824 | $383,924,486 | $762,979,598 |
| FY2013 | $312,470,775 | $279,798,436 | $209,479,587 |
| FY2012 | $161,829,018 | $162,333,873 | $12,123,344 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $6,301,532 | 0% |
| Program service revenue | $1,852,434,973 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,682,110,187 | 86% |
| Management & general | $263,862,573 | 14% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 14%, and fundraising 0%.
- 86% of functional expenses went to program services in FY2025. That is higher than 59% of 188 Health Care organizations in IL.
- Net assets covered about 26.7 months of expenses at the end of the reporting year. That puts it in the 66th percentile among 691 Health Care organizations in IL.
- Total revenue was higher than 99.6% of 709 Health Care organizations in IL.
- Total revenue rose from $161,829,018 in FY2012 to $2,773,030,061 in FY2025, Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2012, FY2015, FY2016).
- Net assets grew from $12,123,344 to $4,326,892,898 between FY2012 and FY2025.
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
Northwestern Memorial HealthCare's exempt purpose is to provide support to its hospitals, physician care practices, its Foundation and their affiliates.
IRS status
| Ruling year | 2011 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E22 — Health Care (in IL) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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