The Magee Memorial Hospital for Convalescents

The Magee Memorial Hospital for Convalescents

PHILADELPHIA, PA, US
501(c)(3)
EIN
23-1476328
Hospital

The Magee Memorial Hospital for Convalescents

PHILADELPHIA, PA, US
501(c)(3)
EIN
23-1476328
Hospital

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$73,969,989

Program Services
92%
Other
7%
Investments
<1%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$78,975,262

Salaries & Benefits
73%
Fees to Service Providers
8%
Other
8%
Depreciation
4%
Offices, Occupancy & IT
4%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$205,000
-
Fundraising Events
$0
$0
-
Program Services
$63,542,109
$67,996,399
+7%
Membership Dues
$0
$0
-
Investments
$124,051
$318,669
+157%
Other
$7,950,925
$5,449,921
-31%
Total Revenues
$71,617,085
$73,969,989
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$55,317,954
$57,626,050
+4%
Fees to Service Providers
$8,617,101
$6,545,635
-24%
Advertising & Promotion
$385,929
$266,766
-31%
Offices, Occupancy & IT
$3,551,231
$3,072,718
-13%
Interest
$1,532,286
$1,586,488
+4%
Depreciation
$3,834,519
$3,399,297
-11%
Other
$7,975,924
$6,478,308
-19%
Total Expenses
$81,214,944
$78,975,262
-3%
Net income
2023
2024
Change
Net income
-$9,597,859
-$5,005,273
+48%
Functional Expenses
Summary
2023
2024
Change
Program
$69,145,985
$68,693,927
-1%
Admin
$11,830,121
$10,088,115
-15%
Fundraising
$238,838
$193,220
-19%
Total Expenses
$81,214,944
$78,975,262
-3%
Income Statement
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