Geisinger Medical Center

Analysis

Geisinger Medical Center is a registered charity in United States, based in Danville, PA. It received its IRS tax-exemption ruling in October 1937, 89 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 Medical Center reported income of $1.88bn and spending of $1.61bn, spending 86% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.37bn to $1.88bn (+37%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Geisinger Medical Center 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 Hoag Memorial Hospital Presbyterian ($1.84bn), Ohiohealth Corporation ($1.88bn) and Kennestone Hospital Inc ($1.83bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (0.1% of expenses). Other salaries and wages came to $421.8m. At year end it held assets of $1.01bn against liabilities of $818.3m, net assets of $189.4m. It reported 8,139 employees.