Abington Memorial Hospital Foundation
Only 1% goes to programs $2 to raise $100 Strong reserves Declining revenue
Abington Memorial Hospital Foundation is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1982, with $28,138,386 in FY2023 revenue. CharityIndex grades it C, and it directs about 1% of spending to programs.
1101 Market Street Suite 2004, Philadelphia, PA, 19107 EIN 23-2188052 Since 1982
Revenue (FY2023)
$28.1M
▼ 27.4% vs prior year
Health median: $840K
Expenses (FY2023)
$6.7M
Net assets
$1.3B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating1% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Abington Memorial Hospital Foundation: 1% to programs · $2 to raise $100 earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating2402 mo reserves · +76% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Abington Memorial Hospital Foundation: 2402 mo reserves · +76% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Abington Memorial Hospital Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Abington Memorial Hospital Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To support the charitable tax-exempt purposes, programs & services of abington memorial hospital & lansdale hospital corporation; related irc section 501(c)(3) tax-exempt orgs.
Contact & location
- Address
- 1101 Market Street Suite 2004, Philadelphia, PA, 19107
- City
- Philadelphia
- State
- Pennsylvania
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $29.5M (FY2013) to $28.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $5.8MNet assets $1.3B
Operating margin
76.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$5.8M
Net assets
$1.3B
Salaries & benefits
$0
0% of expenses
Board members
31
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $28,138,386▼27.4% | $6,651,692▲2758% | $1,331,683,144▲8.0% | $1,337,458,592▲7.9% | 990 |
| 2022 | $38,747,170▲52.5% | $232,761▼70.5% | $1,232,472,042▲8.7% | $1,240,103,042▲8.7% | 990 |
| 2021 | $25,402,584▼62.7% | $789,538▲32.1% | $1,133,341,442▼7.5% | $1,140,934,134▼8.3% | 990 |
| 2020 | $68,138,528▲121% | $597,560▼91.3% | $1,225,887,656▲24.0% | $1,244,598,959▲23.6% | 990 |
| 2019 | $30,835,938▲104% | $6,847,296▲2036% | $988,888,189▲2.4% | $1,006,708,449▲3.2% | 990 |
| 2018 | $15,138,353▼94.8% | $320,553▼95.8% | $965,356,846▲3.7% | $975,374,264▲3.5% | 990 |
| 2017 | $290,528,996▲502% | $7,708,097▼19.2% | $931,261,645▲8.4% | $942,279,733▲8.3% | 990 |
| 2016 | $48,246,514▲45.1% | $9,537,219▼24.3% | $859,482,096▲17.5% | $870,109,260▲16.5% | 990 |
| 2015 | $33,260,978▼39.7% | $12,600,211▲550% | $731,622,512▲1.2% | $746,957,412▲0.4% | 990 |
| 2014 | $55,124,146▲87.0% | $1,937,273▲20.7% | $723,253,370▲5.5% | $743,676,644▲6.3% | 990 |
| 2013 | $29,472,820 | $1,605,407▲49.0% | $685,862,266▲19.4% | $699,769,812▲18.7% | 990 |
| 2012 | — | $1,077,263▲10.4% | $574,308,249▲25.6% | $589,668,973▲25.0% | 990 |
| 2011 | — | $975,615▲53.2% | $457,319,042▲2.7% | $471,892,299▲2.9% | 990 |
| 2010 | — | $636,972 | $445,464,341 | $458,802,089 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew D Rubin | Trustee | 5 | — |
| Brian Sweeney Rn Mba Fache | Trustee - President | 60 | — |
| Bruce E Toll | Trustee | 5 | — |
| Bruce Goodman | Trustee | 5 | — |
| Cristina Cavalieri Esq | Secretary | 60 | — |
| David J Eskin Md | Trustee | 5 | — |
| Donald Pizer | Trustee | 5 | — |
| Douglas S Callantine | Trustee | 5 | — |
| Edith R Dixon | Trustee (decd 5/2024) | 5 | — |
| Elliot W Stone | Trustee | 5 | — |
| Fredda L Segal | Trustee | 5 | — |
| Frederick Pennekamp | Trustee | 5 | — |
| George Js Choe | Trustee | 5 | — |
| Jean Fitzpatrick Phd | Chair - Trustee | 5 | — |
| Jill G Kyle | Svp Regional Advancement | 55 | — |
| John A Bown Jr | Vice Chair - Trustee | 5 | — |
| John D Walp | Trustee | 5 | — |
| John P Mordach | Treasurer | 60 | — |
| Josephine B Smith | Trustee | 5 | — |
| Lorraine C Pruitt Md | Trustee | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Thomas Jefferson University | Corporate Services | $6,568,240 |
Grants received · $2.0M total
37 grants to Abington Memorial Hospital Foundation totaling $2.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $6.6M in FY2017
2 grants totaling $6.6M in FY2017. All grants made by Abington Memorial Hospital Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Abington Memorial Hospital | General support | $6,305,958 |
| Lansdale Hospital | General support | $270,498 |
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Frequently asked questions
- Is Abington Memorial Hospital Foundation a legitimate nonprofit?
- Yes. Abington Memorial Hospital Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2188052, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Abington Memorial Hospital Foundation's EIN?
- Abington Memorial Hospital Foundation's Employer Identification Number (EIN) is 23-2188052.
- How much revenue does Abington Memorial Hospital Foundation report?
- Abington Memorial Hospital Foundation reported $28,138,386 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Abington Memorial Hospital Foundation's spending goes to programs?
- Abington Memorial Hospital Foundation spends about 1% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Abington Memorial Hospital Foundation have?
- CharityIndex grades Abington Memorial Hospital Foundation C, based on program efficiency and fundraising cost.
- How much does Abington Memorial Hospital Foundation's highest-paid employee make?
- The highest reported compensation on Abington Memorial Hospital Foundation's latest Form 990 is $0, paid to Andrew D Rubin (Trustee).
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Data for Abington Memorial Hospital Foundation (EIN 23-2188052) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.