Highmark Health

Analysis

Highmark Health is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 2015, 11 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 2019, Highmark Health reported income of $24.4m and spending of $49.4m, spending 203% of what it took in. Across the 2 years on record, from June 2019 to December 2019, income fell from $45.7m to $24.4m (-47%), an average of -47% a year. The sharpest change came in the year to December 2019, when income dropped by 47%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Highmark Health sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Casa Colina Centers for Rehabilitation Inc ($24.4m), Long Island Select Healthcare Inc ($24.4m) and Adagio Health Inc ($24.4m).

On its Form 990 for the period ending December 2019, revenue came from program service revenue 82% of the total. Compensation of current officers, directors and key employees was $443k (0.9% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $19.3m against liabilities of $6.4m, net assets of $12.9m. It reported 457 employees.