Pennsylvania Hospital of the Univ of Pennsylvania Health System

Analysis

Pennsylvania Hospital of the Univ of Pennsylvania Health System is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1997, 29 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, Pennsylvania Hospital of the Univ of Pennsylvania Health System reported income of $816.6m and spending of $797.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $681.2m to $816.6m (+20%), an average of +4.6% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pennsylvania Hospital of the Univ of Pennsylvania Health System sits at the 99th 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 Scripps Research Institute ($815.8m), Arkansas Childrens Hospital ($818.2m) and University Medical Center Management Corporaton ($811.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $718k (0.1% of expenses). Other salaries and wages came to $280.9m. At year end it held assets of $813.4m against liabilities of $129.4m, net assets of $684.0m. It reported 3,889 employees.