St Lukes Quakertown Hospital

Analysis

St Lukes Quakertown Hospital is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in February 1937, 89 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, St Lukes Quakertown Hospital reported income of $150.3m and spending of $162.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $88.2m to $150.3m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 23%. 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, St Lukes Quakertown Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Jennie Edmundson Memorial Hospital ($150.2m), Saint Anthony Hospital ($150.3m) and Grande Ronde Hospital Inc ($150.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. At year end it held assets of $198.0m against liabilities of $200.0m, net assets of -$1.9m.

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.