Wellspan Medical Group

Analysis

Wellspan Medical Group is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in September 1994, 32 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, Wellspan Medical Group reported income of $858.7m and spending of $949.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $614.3m to $858.7m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wellspan Medical Group 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 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Good Samaritan University Hospital ($857.8m), Broad Institute Inc ($860.4m) and Prisma Health-University Medical Group ($856.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.6m (0.5% of expenses). Other salaries and wages came to $622.8m. At year end it held assets of $198.8m against liabilities of $138.3m, net assets of $60.5m. It reported 5,278 employees.

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.