Penn Medicine-Pma

Analysis

Penn Medicine-Pma is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Penn Medicine-Pma reported income of $22.5m and spending of $25.7m, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $10.9m to $22.5m (+106%), an average of +106% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penn Medicine-Pma sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include John Ed Chambers Memorial Hospital ($22.5m), Tuolumne Me-Wuk Indian Health Center Inc ($22.5m) and Native American Connections Inc ($22.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $8.0m against liabilities of $1.1m, net assets of $6.9m.