Jefferson Health Corporation

Analysis

Jefferson Health Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending June 2023, Jefferson Health Corporation reported income of $1.56bn and spending of $1.57bn, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.31bn to $1.56bn (+19%), an average of +4.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jefferson Health Corporation 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 Summa Health Group Return ($1.55bn), Hawaii Pacific Health Group Return ($1.66bn) and University of Delaware ($1.52bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $16.2m (1.0% of expenses). Other salaries and wages came to $745.0m. At year end it held assets of $1.59bn against liabilities of $989.6m, net assets of $600.3m. It reported 10,158 employees.