Reading Hospital is a 501(c)(3) organization based in West Reading, Pennsylvania, registered in 1936, with $1,521,841,456 in FY2023 revenue. CharityIndex grades it C+, and it directs about 91% of spending to programs.
Revenue (FY2023)
$1.5B
▲ 10.0% vs prior year
Health median: $840K
Expenses (FY2023)
$1.3B
Net assets
-$570.6M
Employees
7,374
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 →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 Reading Hospital: 91% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
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 Reading Hospital: 0 mo reserves · +17% margin earns a D on this criterion. See the exact thresholds →
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 Reading Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Reading Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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To provide compassionate, accessible, high quality, cost effective care to the community: to promote health; to educate healthcare professionals; and to participate in appropriate clinical research.
Operating room - 18,865 total surgeries reading hospital operates in a market served by nearly 20 specialty, investor-owned facilities, which carve out the best paying insurance plans, the highest margin procedures, and the least complicated patients to serve. by continuing to provide a full-service surgical service, reading hospital offers the most advanced surgical options, from robotic assisted, minimally invasive surgery to a full spectrum of outpatient surgical options. reading hospital ensures the community has access to surgical specialties that may be experiencing shortages elsewhere in the country. reading hospital supports its surgeons in their fellowship training and recruits and retains surgeons in areas like plastic surgery - available only during limited hours or not at all, in other hospitals in its market.
Mcglinn cancer institute 30,246 procedures the mcglinn cancer institute, located within the reading hospital, is primarily an out-patient facility which houses the sections of radiation oncology, hematology/oncology, and gynecological oncology. the annual total of patients who were diagnosed and/or treated in fy24 were 2,004. upon diagnosis, a nurse navigator contacts each patient to offer information and support. most patients are seen in one of our multi-disciplinary clinics based on the type of malignancy diagnosed. this includes thoracic, malignant hematology, breast, genito-urinary, gynecological, neurology, and gastro-intestinal clinics - most held on a weekly basis. every clinic has its specific team of providers - surgeons, radiation oncologists, medical oncologists, radiologists, pathologists, nurse navigators, genetic counselors, and physical therapists - who confer and collaborate to design a unique treatment plan for each individual patient. every case is reviewed for possible inclusion in one of the many clinical trials offered on site. once a plan of action has been recommended by the team, the patient is seen in consult by the providers who will be responsible for his/her course of treatment. mcglinn cancer institute is accredited by the commission on cancer as a comprehensive community cancer program. the medical oncology practice is certified by the american society of clinical oncology through its quality oncology practice initiative (qopi) and the radiation oncology department is certified by the american college of radiology. in addition, the breast program at reading hospital is accredited by the national accreditation program for breast centers. the cancer center offers a three-year hematology/oncology fellowship program and students from various programs (ex: jefferson university, gwynedd mercy university, arcadia university) are assigned clinical rotations at mcglinn for genetic counseling, radiation therapy technology, and physician assistant training.
Expenses incurred in providing various other medically necessary healthcare services include but are not limited to: revenue expense radiology 229,811,010 42,697,165 rehabilitation/physical therapy 50,543,506 31,489,363 trauma center 3,861,303 3,111,270 pharmacy 48,176,043 40,867,070 ancilliary 130,150,815 83,872,656 reading hospital provides services to all individuals in a non- discriminatory manner regardless of race, color, creed, sex, national origin, or ability to pay.
Revenue grew from $803.7M (FY2013) to $1.5B (FY2023) across 11 reported years.
Financial snapshot
Operating margin
17.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$1.6B
Net assets
-$570.6M
Salaries & benefits
$613.1M
49% of expenses
Board members
14
10 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,521,841,456▲10.0% | $1,258,437,533▲4.0% | -$570,550,637▲8.3% | $1,022,464,769▲1.8% | 990 |
| 2022 | $1,383,023,429▲7.2% | $1,209,551,696▲9.4% | -$622,214,808▼92.8% | $1,004,570,287▼5.2% | 990 |
| 2021 | $1,290,581,797▲2.1% | $1,105,982,377▲2.7% | -$322,694,399▼593% | $1,060,006,522▲0.4% | 990 |
| 2020 | $1,263,841,038▲22.1% | $1,076,570,863▲10.8% | $65,413,009▼53.2% | $1,056,250,681▼10.8% | 990 |
| 2019 | $1,035,019,113▲1.3% | $971,538,717▲8.4% | $139,814,830▼42.8% | $1,183,713,752▲14.5% | 990 |
| 2018 | $1,021,434,273▲3.5% | $895,857,466▲2.2% | $244,331,960▲47.2% | $1,033,939,184▲13.4% | 990 |
| 2017 | $986,682,160▲6.6% | $876,260,974▲3.1% | $165,953,429▲648% | $911,411,555▲7.7% | 990 |
| 2016 | $925,976,260▲6.5% | $849,833,785▲6.9% | -$30,306,270▲63.8% | $846,227,245▼5.5% | 990 |
| 2015 | $869,081,227▲9.0% | $794,834,324▲1.5% | -$83,813,390▼225% | $895,645,440▲2.5% | 990 |
| 2014 | $797,380,256▼0.8% | $782,782,563▲0.5% | $66,863,965▲23.7% | $873,905,806▲2.2% | 990 |
| 2013 | $803,742,627 | $778,819,984▲7.1% | $54,038,888▼65.0% | $855,324,800▼7.7% | 990 |
| 2012 | — | $726,859,236▲4.7% | $154,287,232▲150% | $926,283,621▲8.3% | 990 |
| 2010 | — | $694,396,313▲3.7% | $61,620,257▲856% | $855,456,958▲4.3% | 990 |
| 2009 | — | $669,865,165 | -$8,150,697 | $819,810,830 | 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.
Highest-paid: Suzanne Wenderoth Md — $935,298 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Suzanne Wenderoth Md | Board Member | 2 | $935,298 |
| Charles Barbera Md | Pres & Ceo | 52 | $888,650 |
| Therese Sucher | Int Ceo Term | 0 | $766,755 |
| Michelle Trupp | Coo | 52 | $732,546 |
| Robert Ehinger | Cfo/treas | 25 | $599,547 |
| Wei Du Md | Svp Chief Ac | 50 | $501,291 |
| Susan Garcia | Svp Rev Cycl | 50 | $472,142 |
| Pamela Hernandez | Svp/chief Pe | 50 | $470,473 |
| Barbara Romig | Cno Term | 52 | $431,914 |
| Lisa Hess | Vp Marketing | 50 | $412,938 |
| Ron Nutting Md | Cmo Term | 0 | $406,295 |
| Thomas Bartiromo | Svp Cio | 50 | $393,062 |
| Charles Valentino | Vp Rev Integ | 50 | $380,642 |
| Mark L Mcnash | Svp Sup Serv | 0 | $373,654 |
| Mark Reyngoudt | Cfo/treas Te | 0 | $329,733 |
| Ann Blankenhorn | Interim Cno | 52 | $291,931 |
| Clint Matthews | Th Pres/ceo | 0 | $269,231 |
| Mary Agnew | Svp Cno Term | 0 | $264,206 |
| Donna Walb | Secretary | 40 | $86,561 |
| Benjamin Zintak | Board Member | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| Amn Healthcare Inc | Contracting | $12,717,702 |
| Pharmacy Healthcare Solutions | Contracting | $7,691,624 |
| Stevens & Lee | Legal | $5,628,642 |
| Berks Schuylkill Respiratory Spec | Physician Fees | $4,620,800 |
| Berks Radiation Oncology Assoc PC | Physician Fees | $3,344,648 |
23 grants to Reading Hospital totaling $1.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Services For Children Inc | Continuous quality improvement award | 2024 | $6,000 |
| Johns Hopkins University | Sub-award | 2023 | $125,025 |
| Johns Hopkins University | Sub-award | 2022 | $66,116 |
| Drexel University | Research | 2021 | $137,336 |
| Johns Hopkins University | Sub-award | 2021 | $17,245 |
| Drexel University | Research | 2020 | $229,208 |
| Johns Hopkins University | Sub-award | 2020 | $14,990 |
| Philadelphia Works Inc | Job-training | 2019 | $85,330 |
| Johns Hopkins University | Sub-award | 2019 | $65,277 |
| Thomas Jefferson University | Program support | 2019 | $9,820 |
| Johns Hopkins University | Sub-award | 2018 | $86,407 |
| Philadelphia Works Inc | Job-training | 2018 | $57,870 |
| Thomas Jefferson University | Program support | 2018 | $19,396 |
| Johns Hopkins University | Sub-award | 2017 | $94,426 |
| Thomas Jefferson University | Program support | 2017 | $32,896 |
4 grants totaling $95K in FY2023. All grants made by Reading Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Tower Health Medical Group | Healthcare svcs | $58,880 |
| The Salvation Army | Holiday donation | $23,636 |
| Centro Hispano Daniel Torres Inc | Sponsorship | $7,500 |
| Reading Science Center | Sponsorship | $5,080 |
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Data for Reading Hospital (EIN 23-1352204) 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.