Trustees of the Univ of Penna Retiree Med & Death Benefits TR

Analysis

Trustees of the Univ of Penna Retiree Med & Death Benefits TR is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Trustees of the Univ of Penna Retiree Med & Death Benefits TR reported income of $42.2m and spending of $25.1m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $44.9m to $42.2m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trustees of the Univ of Penna Retiree Med & Death Benefits TR sits at the 99th percentile: it is larger than about 99% 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 The Rapha Foundation ($42.2m), Lutheran Child and Family Services of Illinois ($42.3m) and Ohio Valley Goodwill Industries Rehabilitation Center Inc ($42.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 54% of the total. At year end it held assets of $756.0m against liabilities of $111k, net assets of $755.9m.