Lehigh Valley Hospital

Analysis

Lehigh Valley Hospital is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in February 1972, 54 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, Lehigh Valley Hospital reported income of $3.19bn and spending of $3.08bn, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.15bn to $3.19bn (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lehigh Valley Hospital sits at the 100th 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 The Johns Hopkins Hospital ($3.18bn), Peacehealth ($3.34bn) and Childrens Hospital Medical Center ($3.12bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $10.6m (0.3% of expenses). Other salaries and wages came to $791.8m. At year end it held assets of $3.46bn against liabilities of $1.69bn, net assets of $1.77bn. It reported 13,486 employees.