Main Line Hospitals Inc

Analysis

Main Line Hospitals Inc is a registered charity in United States, based in Radnor, PA. It received its IRS tax-exemption ruling in August 1934, 92 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, Main Line Hospitals Inc reported income of $1.61bn and spending of $1.67bn, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.29bn to $1.61bn (+25%), an average of +5.6% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Main Line Hospitals Inc sits at the 100th 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 Childrens Hospital Los Angeles ($1.61bn), Washington Hospital Center Corporation ($1.62bn) and Caresource Georgia Co ($1.61bn).

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 $9.1m (0.5% of expenses). Other salaries and wages came to $503.0m. At year end it held assets of $3.00bn against liabilities of $893.6m, net assets of $2.11bn. It reported 9,041 employees.