Chester County Hospital

Analysis

Chester County Hospital is a registered charity in United States, based in West Chester, PA. It received its IRS tax-exemption ruling in October 1933, 93 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chester County Hospital reported income of $479.3m and spending of $502.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $351.3m to $479.3m (+36%), an average of +8.1% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chester County Hospital sits at the 98th percentile: it is larger than about 98% 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 Midstate Medical Center ($478.5m), Iha Health Services Corporation ($479.8m) and St Lukes Methodist Hospital ($477.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $5.0m (1.0% of expenses). Other salaries and wages came to $186.7m. At year end it held assets of $413.9m against liabilities of $407.8m, net assets of $6.2m. It reported 3,686 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.