Kensington Hospital
- Assets
- $9.1m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Philadelphia, PA
- Founding
- 09/1951
- Data as of
- 06/2023
- EIN
- 23-1381447
Organization Overview
Kensington Hospital is located in Philadelphia, PA. The organization was established in 1951. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Kensington Hospital employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kensington Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Kensington Hospital generated $9.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $7.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT AND OUTPATIENT HOSPITAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Hause Director/president | OfficerTrustee | 3 | $0 |
William Ferraro Vice President | OfficerTrustee | 3 | $0 |
Richard Hause Treasurer | Trustee | 3 | $0 |
Monica Vansant Do Medical Director | Trustee | 0 | $0 |
Jose Bossbaly Director | Trustee | 3 | $0 |
Karen Coleman Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Health Medical Supplies | 6/29/23 | $156,800 |
Cpsi Billing | 6/29/23 | $236,125 |
Us Food Service Food Services | 6/29/23 | $111,720 |
Penns Rock Primary Care Medical | 6/29/23 | $135,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $933,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $941,310 |
| Total Program Service Revenue | $7,618,711 |
| Investment income | $10,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,000 |
| Net Gain/Loss on Asset Sales | -$1,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,967,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $290,922 |
| Compensation of current officers, directors, key employees. | $64,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,248,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $487,469 |
| Payroll taxes | $275,755 |
| Fees for services: Management | $406,721 |
| Fees for services: Legal | $32,363 |
| Fees for services: Accounting | $60,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,010 |
| Advertising and promotion | $0 |
| Office expenses | $130,355 |
| Information technology | $41,693 |
| Royalties | $0 |
| Occupancy | $199,517 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,427 |
| Insurance | $311,542 |
| All other expenses | $29,344 |
| Total functional expenses | $7,446,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,701,949 |
| Savings and temporary cash investments | $2,357,232 |
| Pledges and grants receivable | $354,550 |
| Accounts receivable, net | $1,064,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,900 |
| Inventories for sale or use | $65,085 |
| Prepaid expenses and deferred charges | $233,685 |
| Net Land, buildings, and equipment | $2,541,651 |
| Investments—publicly traded securities | $448,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,284 |
| Total assets | $9,104,038 |
| Accounts payable and accrued expenses | $274,746 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,755 |
| Total liabilities | $281,501 |
| Net assets without donor restrictions | $8,822,537 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,104,038 |