McKeesport Hospital Foundation

Analysis

McKeesport Hospital Foundation is a registered charity in United States, based in McKeesport, PA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, McKeesport Hospital Foundation reported income of $1.5m and spending of $2.0m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.5m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income rose by 118%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McKeesport Hospital Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Continuum Management Corporation ($1.5m), Field & Fork Network Inc ($1.5m) and Moraine Park Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% of the total. At year end it held assets of $28.9m against liabilities of $64k, net assets of $28.8m.