ALBERT EINSTEIN HEALTHCARE NETWORK GROUP LETTER RULING

ALBERT EINSTEIN HEALTHCARE NETWORK GROUP LETTER RULING

Philadelphia, PA, US
501(c)3
EIN
46-5338502
Hospital
Subordinate Organization

ALBERT EINSTEIN HEALTHCARE NETWORK GROUP LETTER RULING

Philadelphia, PA, US
501(c)3
EIN
46-5338502
Hospital
Subordinate Organization

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$1,517,001,964

Program Services
93%
Investments
5%
Contributions
1%
Other
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024

$1,602,798,564

Salaries & Benefits
61%
Other
21%
Fees to Service Providers
9%
Offices, Occupancy & IT
4%
Depreciation
3%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,906,986
$22,460,875
+41%
Government Grants
$17,896,514
$7,882,121
-56%
Fundraising Events
$40,055
$609,401
+1421%
Program Services
$1,377,071,623
$1,406,331,816
+2%
Membership Dues
$0
$0
-
Investments
$133,118,731
$69,734,314
-48%
Other
$14,557,186
$9,983,437
-31%
Total Revenues
$1,558,591,095
$1,517,001,964
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$938,837,844
$984,162,365
+5%
Fees to Service Providers
$185,228,196
$145,805,221
-21%
Advertising & Promotion
$6,588,775
$5,559,814
-16%
Offices, Occupancy & IT
$59,096,255
$60,171,396
+2%
Interest
$18,458,794
$18,946,271
+3%
Depreciation
$60,713,212
$50,507,284
-17%
Other
$305,528,315
$337,646,213
+11%
Total Expenses
$1,574,451,391
$1,602,798,564
+2%
Net income
2023
2024
Change
Net income
-$15,860,296
-$85,796,600
-441%
Functional Expenses
Summary
2023
2024
Change
Program
$1,346,276,645
$1,376,171,204
+2%
Admin
$223,805,965
$222,466,048
-1%
Fundraising
$4,368,781
$4,161,312
-5%
Total Expenses
$1,574,451,391
$1,602,798,564
+2%
Income Statement
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