Wellspan Health

Analysis

Wellspan Health is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wellspan Health reported income of $593.2m and spending of $695.6m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $445.5m to $593.2m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellspan Health sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Advocate Health Care Network ($592.0m), Centracare Health System ($596.5m) and Marin General Hospital ($590.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $16.2m (2.3% of expenses). Other salaries and wages came to $280.9m. At year end it held assets of $689.8m against liabilities of $933.3m, net assets of -$243.5m. It reported 3,718 employees.