Thomas Jefferson University
97% goes to programs $2 to raise $100 Strong reserves Growing revenue
Thomas Jefferson University is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1996, with $1,613,249,283 in FY2023 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
1020 Walnut St Room 537, Philadelphia, PA, 19107 EIN 23-1352651 Since 1996
Revenue (FY2023)
$1.6B
▼ 3.2% vs prior year
Education median: $200K
Expenses (FY2023)
$1.7B
Net assets
$1.1B
Employees
7,711
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating97% 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 Thomas Jefferson University: 97% to programs · $2 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating8 mo reserves · -3% 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 Thomas Jefferson University: 8 mo reserves · -3% 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 Thomas Jefferson University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Thomas Jefferson University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Improve lives and provide students with exceptional value in 21st century professional education.
What they do
Expenses incurred in providing basic and clinical science research extending from the laboratory to the bedside and into the community. our clinical and research teams work together to address today's most pressing health concerns. particular emphasis is placed on research in the following areas: cancer and cancer biology; cardiac and cardiovascular biology; neuroscience; population and public health; infectious disease and vaccines.
Expenses incurred in functioning as the tax-exempt parent organization of jefferson/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care.
Contact & location
- Address
- 1020 Walnut St Room 537, Philadelphia, PA, 19107
- City
- Philadelphia
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $482.9M (FY2013) to $1.6B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.0BNet assets $1.1B
Operating margin
-3.5%
Spent more than it raised in the latest fiscal year.
Total assets
$5.1B
Total liabilities
$4.0B
Net assets
$1.1B
Salaries & benefits
$926.3M
55% of expenses
Board members
20
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,613,249,283▼3.2% | $1,669,559,679▲1.2% | $1,060,543,994▲9.4% | $5,080,196,016▲7.2% | 990 |
| 2022 | $1,666,137,809▲24.2% | $1,649,493,276▲24.0% | $968,996,401▲15.1% | $4,738,692,430▼0.7% | 990 |
| 2021 | $1,341,009,086▼2.2% | $1,330,229,702▲0.7% | $841,986,580▼0.5% | $4,773,850,575▲30.5% | 990 |
| 2020 | $1,370,617,747▲25.8% | $1,321,584,707▲20.0% | $845,973,003▲50.1% | $3,656,877,922▲2.3% | 990 |
| 2019 | $1,089,489,788▲23.6% | $1,101,399,101▲27.8% | $563,575,714▼20.4% | $3,573,425,169▲7.5% | 990 |
| 2018 | $881,372,226▲26.5% | $861,799,983▲27.1% | $708,089,618▼0.5% | $3,323,829,633▲19.4% | 990 |
| 2017 | $696,876,987▲16.1% | $678,046,402▲15.5% | $711,348,148▲10.2% | $2,783,358,881▲27.5% | 990 |
| 2016 | $600,111,592▲11.0% | $587,079,660▲17.2% | $645,763,027▲13.9% | $2,183,647,224▲29.3% | 990 |
| 2015 | $540,492,222▲22.4% | $500,818,495▲12.7% | $567,114,388▼18.3% | $1,688,532,830▲10.4% | 990 |
| 2014 | $441,737,880▼8.5% | $444,553,887▲13.0% | $694,149,772▲1.8% | $1,529,734,743▲2.8% | 990 |
| 2013 | $482,869,163 | $393,539,829▲1.5% | $681,633,287▲20.6% | $1,488,644,200▲52.3% | 990 |
| 2012 | — | $387,683,131▼1.6% | $565,093,916▲14.0% | $977,296,478▲8.9% | 990 |
| 2011 | — | $393,939,378▼2.0% | $495,538,584▼6.4% | $897,374,610▼1.7% | 990 |
| 2010 | — | $401,990,105▲9.3% | $529,603,515▲15.9% | $913,022,860▲7.3% | 990 |
| 2009 | — | $367,721,886 | $457,088,831 | $850,845,374 | 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)
Highest-paid: Joseph G Cacchionemdfacc — $5,674,228 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph G Cacchionemdfacc | Trustee - Ceo Tju/jeff Health | 60 | $5,674,228 |
| Bruce A Meyer Md Mba | Former Key Employee | 0 | $2,817,454 |
| Peter L Deangelis Jr | Former Officer | 0 | $2,621,299 |
| Baligh R Yehiamdmppmsc | President Jefferson Health | 55 | $2,327,969 |
| Stephen K Klasko Md Mba | Former Officer | 0 | $2,015,000 |
| Cristina G Cavalieri Esq | Sec - Evp, Chief Legal Counsel | 60 | $2,011,424 |
| Mark L Tykocinski Md | Former Key Employee | 0 | $1,853,582 |
| Robert H Rosenwasser Md | Professor & Physician | 55 | $1,775,562 |
| Mark M Whalen | Evp, Cso & Cao | 55 | $1,227,107 |
| Laurence M Merlis | Former Key Employee | 0 | $1,220,433 |
| John P Mordach | Treasurer - Evp & Cfo | 60 | $1,174,158 |
| Clayton Fitzhugh | Evp, Chief Hr Off. (term 7/23) | 55 | $1,124,607 |
| Kathleen Gallagher | Evp, Coo Tju (term 7/23) | 55 | $1,081,924 |
| Stephen T Smith | Evp, Cao | 55 | $879,732 |
| Lisa Satteson Shrm-scp | Evp, Chief Hr Officer | 55 | $708,087 |
| Elizabeth Dale Edd Mpa | Former Key Employee | 0 | $537,585 |
| John C Ekarius | Former Key Employee | 0 | $516,318 |
| Susan C Aldridge Phd | President Tju | 55 | $460,317 |
| Jack Jallo Md Phd | Professor & Physician | 55 | $318,245 |
| Joshua Heller Md | Professor & Physician | 55 | $60,002 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ge Precision Healthcare LLC | Medical Technology | $51,606,541 |
| Engie Insight Services Inc | Consulting | $44,961,811 |
| Huron Consulting Group LLC | Consulting | $29,234,480 |
| Pullman Sst Inc | Construction | $14,168,275 |
| Epic Systems Corporation | Software & Maint. | $12,717,991 |
Grants received · $81.8M total
460 grants to Thomas Jefferson University totaling $81.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Target Als Foundation Inc | Scientific research | 2025 | $89,962 |
| Foundation For the National Institute of Health Inc | Research | 2024 | $736,764 |
| American Cancer Society Inc | Support/research | 2024 | $550,750 |
| American Heart Association Inc | Research | 2024 | $369,548 |
| American Gift Fund | Operations | 2024 | $301,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $265,000 |
| Pew Charitable Trusts | Civic life | 2024 | $216,300 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $202,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $127,501 |
| Silicon Valley Community Foundation | Education | 2024 | $116,000 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $100,690 |
| Amyotrophic Lateral Sclerosis Assn | Trial capacity program | 2024 | $100,000 |
| American Cancer Society Inc | Patient support | 2024 | $75,000 |
| Muscular Dystrophy Association | Research | 2024 | $70,000 |
| Parkinsons Foundation Inc | Center of excellence grants | 2024 | $62,700 |
Grants made · $11.3M in FY2023
77 grants totaling $11.3M in FY2023 — showing the 15 largest. All grants made by Thomas Jefferson University →
| Recipient | Purpose | Amount |
|---|---|---|
| Curia Global Inc | Program support | $1,068,135 |
| Cvs Pharmacy Inc | Program support | $999,675 |
| The Childrens Hospital of Philadelphia | Program support | $740,158 |
| Geneva Foundation 04-15-93 | Program support | $520,710 |
| Trustees of the University of Pennsylvania | Program support | $458,551 |
| University of Florida | Program support | $455,707 |
| The Wistar Institute of Anatomy and Biology | Program support | $407,073 |
| Fox Chase Cancer Center Foundation | Program support | $377,814 |
| University of Maryland | Program support | $373,281 |
| Center For Community Resources Incorporated | Program support | $320,296 |
| Albany Med Health System | Program support | $301,123 |
| Loyola University of Chicago | Program support | $286,557 |
| Family Service Assoc of Bucks County | Program support | $272,465 |
| Resources For Human Development Inc | Program support | $270,454 |
| George Washington University | Program support | $265,406 |
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Frequently asked questions
- Is Thomas Jefferson University a legitimate nonprofit?
- Yes. Thomas Jefferson University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-1352651, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Thomas Jefferson University's EIN?
- Thomas Jefferson University's Employer Identification Number (EIN) is 23-1352651.
- How much revenue does Thomas Jefferson University report?
- Thomas Jefferson University reported $1,613,249,283 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Thomas Jefferson University's spending goes to programs?
- Thomas Jefferson University spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Thomas Jefferson University have?
- CharityIndex grades Thomas Jefferson University A, based on program efficiency and fundraising cost.
- How much does Thomas Jefferson University's highest-paid employee make?
- The highest reported compensation on Thomas Jefferson University's latest Form 990 is $5,674,228, paid to Joseph G Cacchionemdfacc (Trustee - Ceo Tju/jeff Health).
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Data for Thomas Jefferson University (EIN 23-1352651) 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.