Mercy Catholic Medical Center of Southeastern Pa

Analysis

Mercy Catholic Medical Center of Southeastern Pa is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in March 1946, 80 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, Mercy Catholic Medical Center of Southeastern Pa reported income of $226.2m and spending of $228.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $370.4m to $226.2m (-39%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. 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, Mercy Catholic Medical Center of Southeastern Pa sits at the 97th percentile: it is larger than about 97% 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 Loma Linda University Health Care ($226.2m), Weirton Medical Center Inc ($226.4m) and Nuvance Health Medical Practice PC ($225.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $853k (0.4% of expenses). Other salaries and wages came to $73.9m. At year end it held assets of $87.3m against liabilities of $120.4m, net assets of -$33.1m. It reported 2,100 employees.