Thomas Jefferson University Hospital

Analysis

Thomas Jefferson University Hospital is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 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, Thomas Jefferson University Hospital reported income of $2.55bn and spending of $2.49bn, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.92bn to $2.55bn (+33%), an average of +7.4% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thomas Jefferson University Hospital 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 Childrens Healthcare of Atlanta Inc ($2.55bn), Commonwealth Care Alliance Inc ($2.56bn) and Caresource ($2.55bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.6m (0.1% of expenses). Other salaries and wages came to $813.2m. At year end it held assets of $2.55bn against liabilities of $1.17bn, net assets of $1.38bn. It reported 9,613 employees.