Miltons S Hershey Medical Center

Analysis

Miltons S Hershey Medical Center is a registered charity in United States, based in Hershey, PA. It received its IRS tax-exemption ruling in June 2000, 26 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, Miltons S Hershey Medical Center reported income of $2.65bn and spending of $2.44bn, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.62bn to $2.65bn (+1.2%), an average of +1.2% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miltons S Hershey 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 Catholic Health Initiatives Colorado ($2.63bn), Rush University Medical Center ($2.66bn) and Trinity Health Corporation ($2.63bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $4.3m (0.2% of expenses). Other salaries and wages came to $1.03bn. At year end it held assets of $3.53bn against liabilities of $946.9m, net assets of $2.58bn. It reported 11,960 employees.