Magee Rehabilitation Hospital

Analysis

Magee Rehabilitation Hospital is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1960, 66 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, Magee Rehabilitation Hospital reported income of $71.6m and spending of $81.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $81.2m to $71.6m (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2021, when income rose by 29%. 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, Magee Rehabilitation Hospital sits at the 94th percentile: it is larger than about 94% 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 Cook Childrens Home Health ($71.5m), Kirby Medical Center ($71.7m) and Navicent Health Baldwin ($71.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $958k (1.2% of expenses). Other salaries and wages came to $44.7m. At year end it held assets of $236.6m against liabilities of $50.7m, net assets of $185.9m. It reported 937 employees.