Temple University Hospital Inc

Analysis

Temple University Hospital Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 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, Temple University Hospital Inc reported income of $2.06bn and spending of $2.11bn, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.28bn to $2.06bn (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Temple University Hospital Inc sits at the 100th 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 Northwestern Memorial Healthcare ($2.06bn), Wakemed ($2.07bn) and Mass General Brigham Incorporated ($2.05bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $5.4m (0.3% of expenses). Other salaries and wages came to $542.8m. At year end it held assets of $1.43bn against liabilities of $673.0m, net assets of $755.2m. It reported 7,771 employees.