Geisinger Clinic

Analysis

Geisinger Clinic is a registered charity in United States, based in Danville, PA. It received its IRS tax-exemption ruling in January 1982, 44 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 December 2023, Geisinger Clinic reported income of $1.75bn and spending of $2.21bn, spending 126% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.40bn to $1.75bn (+25%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Geisinger Clinic 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 Carilion Medical Center ($1.74bn), St Josephs Hospital Inc ($1.75bn) and Baylor University Medical Center ($1.73bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $10.0m (0.5% of expenses). Other salaries and wages came to $1.02bn. At year end it held assets of $615.1m against liabilities of $408.6m, net assets of $206.5m. It reported 7,223 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.