Paoli Memorial Hospital Foundation

Analysis

Paoli Memorial Hospital Foundation is a registered charity in United States, based in Paoli, PA. It received its IRS tax-exemption ruling in February 1996, 30 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, Paoli Memorial Hospital Foundation reported income of $3.0m and spending of $6.6m, spending 222% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Paoli Memorial Hospital Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Compassion Health Toledo ($3.0m), Annex Teen Clinic ($3.0m) and Institute for Healthcare Advancement ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $27.0m against liabilities of $980k, net assets of $26.0m.