University Health Network
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TRANSFORMING LIVES AND COMMUNITIES THROUGH EXCELLENCE IN CARE, DISCOVERY AND LEARNING.
- Income
- $2.7 billion
- Spending
- $2.7 billion
- Spent on programs
- 89%
- Reserves
- -6.1 months of spending
- Largest source of income
- fees for its services, 83%
- Employees
- 0
- Volunteers
- 1,058
- Highest pay
- $702,238, president & ceo
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 40 out of 100.
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 88% of what it owns.
Living within its means
8 of 15Spending exceeded income by 1% of income.
Income trend
15 of 15Income rose 9% on the year before.
Spending floor
15 of 1589% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100.
Independent board
25 of 2520 of 20 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $1.8 billion spent. UNIVERSITY HEALTH NETWORK (UHN) CONTINUES TO LEAD THE WAY, BY IMPLEMENTING OUR STRATEGIC PLAN TO CREATE A HEALTHIER WORLD AND ELEVATING OUR PURPOSE: TRANSFORMING LIVES AND COMMUNITIES THROUGH EXCELLENCE IN CARE, DISCOVERY AND LEARNING. THE OVERALL ACTIVITY IN 24/25 AT UHN INCLUDE THE FOLLOWING: -AVERAGE TOTAL BEDS STAFFED AND IN OPERATION = 1,672 -TOTAL INPATIENT DAYS = 586,747 -AMBULATORY CARE VISITS TOTAL = 1,198,436 -O.R. CASES (INPATIENT AND OUTPATIENT) = 24,885 -EMERGENCY VISITS = 125,927
- $417.0 million spent. UHN IS CANADA'S TOP RESEARCH HOSPITAL AND IT IS FULLY AFFILIATED WITH THE UNIVERSITY OF TORONTO AND A MEMBER OF THE TORONTO ACADEMIC HEALTH SCIENCE NETWORK. UHN COMPRISES FIVE ACADEMIC HOSPITAL SITES, AN EDUCATION INSTITUTE AND SIX RESEARCH INSTITUTES. RESEARCH IS SUPPORTED IN PART BY THREE UHN-AFFILIATED FOUNDATIONS. THE SCOPE OF RESEARCH AND COMPLEXITY OF CASES AT UHN HAVE MADE IT A NATIONAL AND INTERNATIONAL SOURCE FOR DISCOVERY, EDUCATION AND PATIENT CARE. RESEARCH CONDUCTED AT UHN'S RESEARCH INSTITUTES SPANS THE FULL SPECTRUM OF DISEASES AND DISCIPLINES, INCLUDING CANCER, CARDIOVASCULAR SCIENCES, TRANSPLANTATION, NEURAL AND SENSORY SCIENCES, MUSCULOSKELETAL HEALTH, REHABILIATION SCIENCES, AND COMMUNITY AND POPULATION HEALTH.
- $125.1 million spent. THE UHN/MOUNT SINAI HOSPITAL DEPARTMENT OF MEDICINE PRACTICE PLAN IS THE VEHICLE FOR SUPPORTING 407 ACADEMIC PHYSICIANS AT TWO OF THE UNIVERSITY OF TORONTO'S TEACHING HOSPITALS. THE PURPOSE OF THE PLAN IS TO SUPPORT CLINICAL, EDUCATIONAL AND RESEARCH ACTIVITIES OF THE GROUP.
- DESCRIPTION OF OTHER PROGRAM SERVICES OTHER PROGRAM SERVICES INCLUDING ALTUM HEALTH. ALTUM HEALTH OPERATES THROUGH A NETWORK OF HIGHLY EXPERIENCED AND TRAINED HEALTH CARE PROFESSIONALS AND PHYSICIANS IN 12 REGIONAL SITES ACROSS ONTARIO IN ADDITION TO THE HEADQUARTERS AT TORONTO WESTERN HOSPITAL AND PROVIDES A RANGE OF HEALTHCARE SERVICES TO CLIENTS OR PATIENTS WITH THIRD PARTY HEALTH CARE COVERAGE AND EXTENDED HEALTH COVERAGE. (EXPENSES $54,337,670 INCLUDING GRANTS OF $0) (REVENUE $62,121,038)
Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending March 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1964.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.