Abington Memorial Hospital Foundation

Analysis

Abington Memorial Hospital Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1982, 44 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, Abington Memorial Hospital Foundation reported income of $38.7m and spending of $233k, leaving 99% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.1m to $38.7m (+156%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 4.9% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Abington Memorial Hospital Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Beverly Community Hospital Association ($38.7m), Baptist Homes Society ($38.8m) and Southwest Texas Regional Advisory Council for Trauma ($38.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $1.24bn against liabilities of $7.6m, net assets of $1.23bn.