Simpson House Inc

Analysis

Simpson House Inc is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in February 1941, 85 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simpson House Inc reported income of $13.5m and spending of $21.7m, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.4m to $13.5m (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 135% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Simpson House Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Columbia Lutheran Ministries ($13.5m), Healthcare Alternative Systems Inc ($13.5m) and Acclivus Inc ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $199k (0.9% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $42.4m against liabilities of $72.2m, net assets of -$29.8m. It reported 220 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.