Banner-University Care Advantage
2901 N Central Ave Ste 160, Phoenix, AZ · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $304,950,739 | $319,354,309 | $5,605,957 |
| FY2023 | $327,869,881 | $330,297,357 | $8,904,421 |
| FY2022 | $308,611,711 | $329,507,370 | $11,331,897 |
| FY2021 | $318,721,179 | $314,563,744 | $32,227,556 |
| FY2020 | $311,923,714 | $304,619,598 | $28,070,120 |
| FY2019 | $283,776,679 | $275,352,410 | $20,766,004 |
| FY2018 | $188,607,689 | $189,621,603 | $12,341,735 |
| FY2017 | $110,189,650 | $113,199,823 | $10,555,649 |
| FY2016 | $86,512,561 | $91,511,163 | $5,265,822 |
Form 990 filings
The returns filed by Banner-University Care Advantage (EIN 46-3757358), 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 | $0 | 0% |
| Program service revenue | $301,178,222 | 99% |
| Other revenue | $3,772,517 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $278,162,305 | 87% |
| Management & general | $41,192,004 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2024. That is higher than 48% of 123 Health Care organizations in AZ.
- Net assets covered about 0.2 months of expenses at the end of the reporting year. That puts it in the 14th percentile among 369 Health Care organizations in AZ.
- Total revenue was higher than 92.8% of 388 Health Care organizations in AZ.
- Total revenue rose from $86,512,561 in FY2016 to $304,950,739 in FY2024. Revenue increased in 6 and decreased in 2 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 9 reported years (FY2016, FY2017, FY2018, FY2022, FY2023, FY2024).
- The highest revenue on record here is $327,869,881 in FY2023.
- Net assets grew from $5,265,822 to $5,605,957 between FY2016 and FY2024.
- 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
MANAGE AND COORDINATE THE DELIVERY OF QUALITY HEALTH CARE SERVICES TO ENROLLEES WHO QUALIFY AS PART OF A SPECIAL NEEDS PLAN AND ARE DUALLY ELIGIBLE FOR BOTH MEDICARE AND MEDICAID BENEFITS.
IRS status
| Ruling year | 2017 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E21 — Health Care (in AZ) |
| 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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