Lancaster General Hospital

Analysis

Lancaster General Hospital is a registered charity in United States, based in Lancaster, 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, Lancaster General Hospital reported income of $1.47bn and spending of $1.36bn, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.15bn to $1.47bn (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lancaster General Hospital sits at the 99th 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 MCHS Hospitals Inc ($1.46bn), Ann & Robert H Lurie Childrens Hospital of Chicago ($1.47bn) and Upmc ($1.45bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $8.7m (0.6% of expenses). Other salaries and wages came to $509.7m. At year end it held assets of $1.18bn against liabilities of $459.5m, net assets of $722.7m. It reported 9,344 employees.