Holy Redeemer Health System

Analysis

Holy Redeemer Health System is a registered charity in United States, based in Meadowbrook, PA. It received its IRS tax-exemption ruling in March 1946, 80 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, Holy Redeemer Health System reported income of $370.8m and spending of $383.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $317.7m to $370.8m (+17%), an average of +3.9% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holy Redeemer Health System sits at the 98th percentile: it is larger than about 98% 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 Family Health Centers of San Diego Inc ($369.8m), Froedtert & the Medical College of Wisconsin Community Physicians Inc ($371.3m) and Cha General Services Inc ($369.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.4m (0.6% of expenses). Other salaries and wages came to $145.1m. At year end it held assets of $480.8m against liabilities of $242.7m, net assets of $238.1m. It reported 3,363 employees.