Nazareth Hospital

Analysis

Nazareth Hospital is a registered charity in United States, based in Newtown SQ, 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nazareth Hospital reported income of $161.7m and spending of $178.8m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $169.4m to $161.7m (-4.5%), an average of -1.2% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nazareth Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include C H M C Anesthesia Foundation Inc ($161.2m), Uniontown Hospital ($161.7m) and Mymichigan Medical Center Alma ($160.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.0m (0.6% of expenses). Other salaries and wages came to $64.2m. At year end it held assets of $75.3m against liabilities of $50.5m, net assets of $24.9m. It reported 1,322 employees.