Overview

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Est.

1983

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

TOWER HEALTH MEDICAL GROUP is a Health-focused physician-directed multispecialty group that participates with Tower Health in managing population health, promoting wellness, and delivering health care. Based on a 2025 operating budget of $386.8M and total revenue of $223.2M, it received listed support from READING HOSPITAL and READING HOSPITAL FOUNDATION.

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Mission Statement

THE REGION'S PREMIER PHYSICIAN-DIRECTED, MULTISPECIALTY GROUP OF HEALTH CARE PROFESSIONALS WHO PARTICIPATE WITH TOWER HEALTH IN MANAGING POPULATION HEALTH AND PROMOTING WELLNESS, AND DELIVERING HEALTH CARE.

Cause Areas

1
Health
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Financials

2024
Revenues
$217.6M
Expenses
$379.5M
Net Income:
-$161.9M
Assets
$42.3M
Liabilities
$70.7M
Net Assets:
-$28.3M

Financial Trends

2024
Operating Budget
$379.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
READING HOSPITAL FOUNDATION
READING, PA, US
$111.2K
6%
READING HOSPITAL
Reading, PA, US
$76K
69%

Grants Received

2024
Total No. of Grants
1
Median grant size
$58.9K
Largest grant received
$58.9K

Board & Team

W
William P Thornton
Board Member
T
Theodore Auman
Board Member
T
Tracy Druckenmiller
Board Member
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Frequently Asked Questions

What is TOWER HEALTH MEDICAL GROUP’s budget?
In 2024, TOWER HEALTH MEDICAL GROUP reported an annual operating budget of around $379.5 million. More detailed financial information is available to registered users.
What causes does TOWER HEALTH MEDICAL GROUP support?
TOWER HEALTH MEDICAL GROUP supports work in Health.
Where does TOWER HEALTH MEDICAL GROUP operate?
TOWER HEALTH MEDICAL GROUP is headquartered in Reading, PA.
Who funded TOWER HEALTH MEDICAL GROUP recently?
In 2024, TOWER HEALTH MEDICAL GROUP received grants from READING HOSPITAL, READING HOSPITAL, and READING HOSPITAL FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant TOWER HEALTH MEDICAL GROUP received in 2024?
The largest grant to TOWER HEALTH MEDICAL GROUP in 2024 exceeds $59 thousand.