Temple University Health System Inc

Analysis

Temple University Health System 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 education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Temple University Health System Inc reported income of $269.9m and spending of $263.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $125.7m to $269.9m (+115%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Temple University Health System 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 Skidmore College ($269.4m), Swarthmore College ($270.7m) and University of Hartford ($269.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.8m (1.1% of expenses). Other salaries and wages came to $80.4m. At year end it held assets of $677.2m against liabilities of $641.5m, net assets of $35.7m. It reported 987 employees.