Clinical Care Associates of the University of Pennsylvania Health

Analysis

Clinical Care Associates of the University of Pennsylvania Health is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clinical Care Associates of the University of Pennsylvania Health reported income of $274.2m and spending of $273.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $172.9m to $274.2m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clinical Care Associates of the University of Pennsylvania Health sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Central Vermont Medical Center Inc HCSR ($274.1m), Maple Grove Hospital Corporation ($274.3m) and Scotland Memorial Hospital Incorporated ($273.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $546k (0.2% of expenses). Other salaries and wages came to $159.0m. At year end it held assets of $85.0m against liabilities of $233.6m, net assets of -$148.6m. It reported 2,046 employees.