Highmark Health

Analysis

Highmark Health is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Highmark Health reported income of $492.9m and spending of $581.2m, spending 118% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $262.2m to $492.9m (+88%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Highmark Health 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 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Augusta Health Care Inc ($492.0m), Musculoskeletal Transplant Foundation Inc ($493.5m) and Rideout Memorial Hospital ($491.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $31.2m (5.4% of expenses). Other salaries and wages came to $353.1m. At year end it held assets of $636.1m against liabilities of $226.6m, net assets of $409.5m. It reported 3,335 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.