Reading Hospital and Medical Center Self-Insurance Fund

Analysis

Reading Hospital and Medical Center Self-Insurance Fund is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in March 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reading Hospital and Medical Center Self-Insurance Fund reported income of $58k and spending of $228k, spending 396% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $422k to $58k (-86%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 84%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Hospital and Medical Center Self-Insurance Fund sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Evergreen Foundation ($58k), Christian Witness ($58k) and Victory Ministries Inc ($58k).

At year end it held assets of $11.5m against liabilities of $11.5m, net assets of $0.