Presbyterian Medical Center of the University of Pennsylvania Health

Analysis

Presbyterian Medical Center 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 June 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 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, Presbyterian Medical Center of the University of Pennsylvania Health reported income of $1.23bn and spending of $1.18bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $880.2m to $1.23bn (+40%), an average of +8.7% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presbyterian Medical Center of the University of Pennsylvania Health 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 Central Iowa Hospital Corporation ($1.23bn), University of Wisconsin Medical Foundation Inc ($1.23bn) and Driscoll Childrens Health Plan ($1.23bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.1m (0.2% of expenses). Other salaries and wages came to $380.6m. At year end it held assets of $947.2m against liabilities of $258.8m, net assets of $688.5m. It reported 4,440 employees.