Jefferson Health-Northeast

Analysis

Jefferson Health-Northeast is a registered charity in United States, based in Philafelphia, PA. It received its IRS tax-exemption ruling in February 1936, 90 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, Jefferson Health-Northeast reported income of $690.3m and spending of $654.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $501.7m to $690.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jefferson Health-Northeast 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 St Marys Health Inc Dba Ascension ($688.9m), Mary Imogene Bassett Hospital ($694.5m) and Commonspirit Washington Community Care ($687.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $3.9m (0.6% of expenses). Other salaries and wages came to $254.4m. At year end it held assets of $1.50bn against liabilities of $539.5m, net assets of $961.4m. It reported 3,747 employees.