Jefferson Health Corporation

Analysis

Jefferson Health Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jefferson Health Corporation reported income of $43.2m and spending of $51.1m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $82.2m to $43.2m (-47%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jefferson Health Corporation 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 Health Solutions ($43.2m), Peoples Community Clinic ($43.2m) and San Francisco General Hospital Foundation ($43.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. At year end it held assets of $32.9m against liabilities of $29.7m, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.