Excela Health

Analysis

Excela Health is a registered charity in United States, based in Greensburg, PA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Excela Health reported income of $550.0m and spending of $512.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $516.0m to $550.0m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Excela Health 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 Mercy Clinic East Communities ($545.5m), University of San Diego ($554.5m) and Fiat Lux Risk and Insurance Company ($538.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.8m (0.7% of expenses). Other salaries and wages came to $176.3m. At year end it held assets of $780.2m against liabilities of $384.1m, net assets of $396.1m. It reported 3,668 employees.