Michael Reese Health Trust is a 501(c)(3) organization based in Chicago, Illinois, registered in 2024, with $21,519,197 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$21.5M
▲ 865.3% vs prior year
Health median: $840K
Expenses (FY2024)
$14.0M
Net assets
$158.7M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael Reese Health Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael Reese Health Trust: 136 mo reserves · +35% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael Reese Health Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael Reese Health Trust: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $20.7M (FY2021) to $21.5M (FY2024) across 4 reported years.
Financial snapshot
Operating margin
34.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$162.9M
Total liabilities
$4.1M
Net assets
$158.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $21,519,197▲865% | $14,015,986▼8.8% | $158,744,672▲0.2% | $162,874,541▼0.5% | 990 |
| 2023 | $2,229,259▼65.1% | $15,363,841▲50.5% | $158,480,893▲0.9% | $163,662,921▲2.6% | 990 |
| 2022 | $6,390,366▼69.1% | $10,206,792▼36.1% | $157,030,603▲1.7% | $159,470,952▲0.3% | 990 |
| 2021 | $20,711,824 | $15,968,436 | $154,458,689 | $158,966,417 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
24 grants to Michael Reese Health Trust totaling $4.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Health, general | 2024 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $100,000 |
| Jewish Federation of Metropolitan Chicago | Grants from donor advised funds- operating support | 2023 | $12,640 |
| The Chicago Community Trust | In support of michael reese health trust's health first collaborative which leads the chicagoland vaccine partnership | 2022 | $300,000 |
| American Endowment Foundation | General operating support | 2022 | $50,000 |
| United Way of Metropolitan Chicago Inc | Program support | 2022 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $7,500 |
| Jewish Federation of Metropolitan Chicago | Grants from donor advised funds - operating support | 2022 | $6,930 |
| Donor Advised Charitable Giving | Health | 2022 | $6,250 |
| Partners In Health A Nonprofit Corporation | Sub-grantee to support the reaching equity through community-based vaccination engagement and resourcing (recover) initiative to mobilize the us public health workforce and accelerate vaccine uptake. | 2021 | $504,192 |
| The Chicago Community Trust | General operating support. in support of the chicagoland vaccine partnership to close disparities in the rate of vaccinations and promote health equity in the chicago region. in support of chicago funders together to end homelessness' general operations to advance collaboration in philanthropy to end homelessness. in support of general operations. | 2021 | $297,500 |
| The Chicago Community Trust | General operating support. in support of the chicagoland vaccine partnership to close disparities in the rate of vaccinations and promote health equity in the chicago region. in support of chicago funders together to end homelessness' general operations to advance collaboration in philanthropy to end homelessness. in support of general operations. | 2021 | $297,500 |
| Jewish Federation of Metropolitan Chicago | Grants from donor advised funds - operating support | 2021 | $12,680 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $7,500 |
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Data for Michael Reese Health Trust (EIN 36-2170910) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.