Reading Hospital Foundation

Analysis

Reading Hospital Foundation is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in May 2016, 10 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 June 2023, Reading Hospital Foundation reported income of $6.5m and spending of $2.6m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 292%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reading Hospital Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Milestone Decisions Inc ($6.5m), Health in Partnership ($6.5m) and The Familial Hypercholesterolemia Foundation ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $307k (12% of expenses). Other salaries and wages came to $312k. At year end it held assets of $46.3m against liabilities of $14k, net assets of $46.3m.