Abington Memorial Hospital Foundation

Organization Overview

Abington Memorial Hospital Foundation is located in Philadelphia, PA. The organization was established in 1982. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abington Memorial Hospital Foundation 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 06/2022, Abington Memorial Hospital Foundation generated $25.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $789.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (32.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF ABINGTON MEMORIAL HOSPITAL AND LANSDALE HOSPITAL CORPORATION; RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATIONS, WHICH PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, GENDER IDENTITY OR EXPRESSION, SEXUAL ORIENTATION, AGE, STATUS AS AN INDIVIDUAL WITH A HANDICAP/DISABILITY OR ABILITY TO PAY. MOREOEVER, NO INDIVIDUALS ARE DENIED NECESSARY MEDICAL CARE, TREATMENT OR SERVICES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Merganser Capital Management Llc
Investment Mgmt.
$122,291
Western Asset Management
Investment Mgmt.
$361,424
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$523,987
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$12,506,038
Noncash contributions included in lines 1a–1f $190,027
Total Revenue from Contributions, Gifts, Grants & Similar$13,030,025
Total Program Service Revenue$0
Investment income $58,977
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,312,562
Net Income from Fundraising Events $0
Net Income from Gaming Activities $1,020
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,402,584

Grants Awarded

Over the last fiscal year, Abington Memorial Hospital Foundation has awarded $6,576,456 in support to 2 organizations.

Grant RecipientAmount

ABINGTON MEMORIAL HOSPITAL

PURPOSE: GENERAL SUPPORT

$6,305,958

LANSDALE HOSPITAL CORPORATION

PURPOSE: GENERAL SUPPORT

$270,498
View Grant Profile

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