Riddle Memorial Hospital

Analysis

Riddle Memorial Hospital is a registered charity in United States, based in Radnor, PA. It received its IRS tax-exemption ruling in July 1964, 62 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, Riddle Memorial Hospital reported income of $248.7m and spending of $265.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $202.3m to $248.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riddle Memorial Hospital 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 Group Health Co-Operative of Eau Claire ($248.6m), TCH Pediatric Associates Inc ($248.9m) and St Charles Hospital Corp ($248.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $5.0m (1.9% of expenses). Other salaries and wages came to $84.2m. At year end it held assets of $428.3m against liabilities of $180.8m, net assets of $247.5m. It reported 1,575 employees.