Temple Faculty Practice Plan Inc

Analysis

Temple Faculty Practice Plan Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2019, 7 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, Temple Faculty Practice Plan Inc reported income of $355.0m and spending of $347.2m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $320.9m to $355.0m (+11%), an average of +3.4% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Temple Faculty Practice Plan Inc 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 Rogers Memorial Hospital Incorporated ($354.4m), Cook Childrens Health Care System ($355.9m) and University of Louisville Physicians Inc ($354.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.1m (1.2% of expenses). Other salaries and wages came to $228.2m. At year end it held assets of $122.2m against liabilities of $129.5m, net assets of -$7.3m. It reported 829 employees.