Lankenau Medical Center Foundation

Analysis

Lankenau Medical Center Foundation is a registered charity in United States, based in Wynnewood, PA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lankenau Medical Center Foundation reported income of $12.6m and spending of $18.4m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.8m to $12.6m (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lankenau Medical Center Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Soulistic Medical Institute ($12.6m), Community Health Center of Franklin County Incorporated ($12.6m) and Pinnacle Family Health Inc ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $446.7m against liabilities of $787k, net assets of $445.9m.