Health Federation of Philadelphia

Analysis

Health Federation of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2023, Health Federation of Philadelphia reported income of $58.2m and spending of $53.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.1m to $58.2m (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Federation of Philadelphia sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include People Incorporated ($58.2m), GRHS Holdings Inc ($58.3m) and Community Shelter Board ($57.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $256k (0.5% of expenses). Other salaries and wages came to $23.9m. At year end it held assets of $29.0m against liabilities of $13.5m, net assets of $15.5m. It reported 495 employees.