The American Oncologic Hospital

Analysis

The American Oncologic Hospital is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1948, 78 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, The American Oncologic Hospital reported income of $329.4m and spending of $295.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $419.0m to $329.4m (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The American Oncologic 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 Covenant Medical Center Inc ($328.8m), City of Hope ($330.0m) and Banner-University Care Advantage ($327.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.0m (0.3% of expenses). Other salaries and wages came to $89.6m. At year end it held assets of $198.7m against liabilities of $141.9m, net assets of $56.9m. It reported 1,557 employees.