Healthshare of Southeastern Pennsylvania Inc

Analysis

Healthshare of Southeastern Pennsylvania Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthshare of Southeastern Pennsylvania Inc reported income of $12.8m and spending of $9.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $12.8m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthshare of Southeastern Pennsylvania Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include National Harm Reduction Coalition ($12.8m), KVC Behavioral Healthcare Nebraska Inc ($12.8m) and Ranch Hope-Strang School ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.7m (18% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $13.2m against liabilities of $8.5m, net assets of $4.7m. It reported 22 employees.