Meadville Medical Center

Analysis

Meadville Medical Center is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in July 1986, 40 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, Meadville Medical Center reported income of $249.6m and spending of $244.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $206.1m to $249.6m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Meadville Medical Center sits at the 97th percentile: it is larger than about 97% of them. 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 Sun Coast Nursing Centers Inc ($249.5m), Albany Med Health System ($249.6m) and TCH Pediatric Associates Inc ($248.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.5m (1.0% of expenses). Other salaries and wages came to $96.2m. At year end it held assets of $276.6m against liabilities of $190.1m, net assets of $86.5m. It reported 1,798 employees.