Geisinger Commonwealth School of Medicine

Analysis

Geisinger Commonwealth School of Medicine is a registered charity in United States, based in Danville, PA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Geisinger Commonwealth School of Medicine reported income of $48.5m and spending of $48.3m, spending 100% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $40.7m to $48.5m (+19%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geisinger Commonwealth School of Medicine sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Early Learning Coalition of St Lucie County Inc ($48.4m), The George W Bush Foundation ($48.5m) and The Claremont Colleges Inc ($48.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $2.1m (4.4% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $212.0m against liabilities of $73.7m, net assets of $138.3m. It reported 273 employees.