Abington Memorial Hospital

Analysis

Abington Memorial Hospital is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1935, 91 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, Abington Memorial Hospital reported income of $912.0m and spending of $986.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $866.4m to $912.0m (+5.3%), an average of +1.3% a year. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abington Memorial Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Saint Joseph Health System Inc ($911.3m), Monument Health Rapid City Hospital Inc ($912.6m) and Childrens Hospital of Alabama ($909.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.9m (0.2% of expenses). Other salaries and wages came to $465.4m. At year end it held assets of $751.3m against liabilities of $644.0m, net assets of $107.3m. It reported 6,968 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.