Kennedy University Hospital Inc
Kennedy University Hospital: Stable Finances, High Program Spending, but Executive Compensation Lacks Detail
EIN: 221773439 · Philadelphia, PA · NTEE: E220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $817.2M |
| Total Expenses | $782.9M |
| Program Spending | 90% |
| Net Assets | $499.2M |
| Transparency Score | 85/100 |
Is Kennedy University Hospital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennedy University Hospital Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennedy University Hospital Inc
Kennedy University Hospital Inc (EIN: 221773439) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code E220. The organization reported total revenue of $817.2M and total assets of $1.3B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennedy University Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennedy University Hospital Inc is a major nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $779.7M |
| Total Expenses | $782.9M |
| Surplus / Deficit | $-3,233,583 |
| Total Assets | $1.2B |
| Total Liabilities | $675.2M |
| Net Assets | $499.2M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 57.5% |
| Months of Reserves | 18.0 months |
Financial Health Grade: C
In 2023, Kennedy University Hospital Inc reported a deficit of $3.2M with expenses exceeding revenue, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 57.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kennedy University Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +12.1% | -0.5% |
| 2022 | +8.0% | +6.3% | -4.9% |
| 2021 | +15.9% | -1.7% | +6.2% |
| 2020 | -10.5% | +17.1% | -2.5% |
| 2019 | +91.7% | +105.3% | +39.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kennedy University Hospital Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Kennedy University Hospital Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making it difficult to assess its reasonableness relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kennedy University Hospital Inc's IRS 990 filings:
- Lack of specific executive compensation figures and justification in the provided data.
Strengths
The following positive indicators were identified for Kennedy University Hospital Inc:
- Consistent revenue growth from $336M in 2018 to $779M in 2023.
- Strong asset base, consistently over $1 billion in recent years, indicating financial stability.
- High percentage of spending allocated to programs, suggesting a focus on its core mission.
Frequently Asked Questions about Kennedy University Hospital Inc
Is Kennedy University Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennedy University Hospital Inc (EIN: 221773439) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Kennedy University Hospital Inc spend its money?
Kennedy University Hospital Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kennedy University Hospital Inc tax-deductible?
Kennedy University Hospital Inc is registered as a tax-exempt nonprofit (EIN: 221773439). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kennedy University Hospital Inc's spending goes to programs?
Kennedy University Hospital Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kennedy University Hospital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kennedy University Hospital Inc is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kennedy University Hospital Inc located?
Kennedy University Hospital Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 221773439. It is classified under NTEE code E220.
How many years of IRS 990 filings does Kennedy University Hospital Inc have?
Kennedy University Hospital Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $817.2M in total revenue.
What does Kennedy University Hospital Inc do?
Kennedy University Hospital Inc is a nonprofit organization in the Health Care sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code E220.
How much revenue does Kennedy University Hospital Inc have?
Kennedy University Hospital Inc reported total revenue of $817,164,114. Based on 13 IRS 990 filings on record.
What are Kennedy University Hospital Inc's total assets?
Kennedy University Hospital Inc holds total assets of $1,250,242,656 as reported in IRS 990 filings.
Where is Kennedy University Hospital Inc located?
Kennedy University Hospital Inc is based in Philadelphia, Pennsylvania.
What is Kennedy University Hospital Inc's EIN?
Kennedy University Hospital Inc's Employer Identification Number (EIN) is 221773439. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kennedy University Hospital Inc?
Kennedy University Hospital Inc is classified under NTEE code E220 (Health Care).
Is Kennedy University Hospital Inc a registered 501(c)(3)?
Yes, Kennedy University Hospital Inc is recognized as a tax-exempt organization by the IRS. EIN: 221773439.
Does Kennedy University Hospital Inc file IRS Form 990?
Yes, Kennedy University Hospital Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Kennedy University Hospital Inc's revenue in 2023?
In the 202306 filing period, Kennedy University Hospital Inc reported total revenue of $779,678,321, total expenses of $782,911,904, and net assets of $1,174,362,104.
Is Kennedy University Hospital Inc's revenue growing or declining?
Kennedy University Hospital Inc's revenue is growing. Revenue went from $722,110,488 (202206) to $779,678,321 (202306), a +8.0% change. Based on 13 filings on record.
What is Kennedy University Hospital Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Kennedy University Hospital Inc covers tax period 202306. It shows revenue of $779,678,321, expenses of $782,911,904, total assets of $1,174,362,104, and liabilities of $675,153,893.
How much does Kennedy University Hospital Inc spend on programs vs administration?
Based on IRS 990 analysis, Kennedy University Hospital Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Kennedy University Hospital Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Kennedy University Hospital Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Kennedy University Hospital Inc?
The following concerns were identified: Lack of specific executive compensation figures and justification in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Kennedy University Hospital Inc's strengths?
Positive indicators for Kennedy University Hospital Inc include: Consistent revenue growth from $336M in 2018 to $779M in 2023.. Strong asset base, consistently over $1 billion in recent years, indicating financial stability.. High percentage of spending allocated to programs, suggesting a focus on its core mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Kennedy University Hospital Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making it difficult to assess its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Kennedy University Hospital manage to maintain a high program spending percentage despite significant revenue fluctuations and growth over the years?
The consistent high program spending percentage suggests efficient operational management and a strong commitment to its healthcare services, even as revenue nearly doubled from 2018 to 2023. This could be due to effective cost controls in administrative and fundraising areas, or a strategic decision to prioritize direct patient care and medical services.
Given the substantial increase in revenue and assets, what is the organization's strategy for managing its liabilities, which have also grown significantly?
While assets have grown to over $1.1 billion and revenue to $779 million in 2023, liabilities have also increased to $675 million. A key insight would be understanding if these liabilities are primarily long-term debt for capital improvements or operational liabilities, and how the organization plans to service this debt while maintaining financial health and program delivery.
Filing History
IRS 990 filing history for Kennedy University Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kennedy University Hospital Inc's revenue has grown by 72.7%, moving from $451.6M to $779.7M. Total assets increased by 184.6% over the same period, from $412.7M to $1.2B. Total functional expenses rose by 75.9%, from $445.2M to $782.9M. In its most recent filing year (2023), Kennedy University Hospital Inc reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $675.2M in liabilities against $1.2B in assets (debt-to-asset ratio: 57.5%), resulting in net assets of $499.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $779.7M | $782.9M | $1.2B | $675.2M | — | — |
| 2022 | $722.1M | $698.4M | $1.2B | $705.1M | — | View 990 |
| 2021 | $668.6M | $657.1M | $1.2B | $780.1M | — | View 990 |
| 2020 | $577.0M | $668.7M | $1.2B | $793.6M | — | — |
| 2019 | $644.7M | $570.9M | $1.2B | $713.5M | — | View 990 |
| 2018 | $336.3M | $278.1M | $859.4M | $430.2M | — | View 990 |
| 2017 | $567.3M | $546.5M | $653.0M | $270.0M | — | View 990 |
| 2016 | $581.3M | $553.2M | $613.3M | $254.5M | — | View 990 |
| 2015 | $562.7M | $529.2M | $543.0M | $212.2M | — | View 990 |
| 2014 | $539.7M | $494.0M | $518.1M | $218.0M | — | View 990 |
| 2013 | $498.9M | $475.2M | $461.6M | $192.0M | — | View 990 |
| 2012 | $489.0M | $475.9M | $438.2M | $214.2M | — | View 990 |
| 2011 | $451.6M | $445.2M | $412.7M | $201.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $779.7M, expenses of $782.9M, and assets of $1.2B (revenue +8.0% year-over-year).
- 2022: Revenue of $722.1M, expenses of $698.4M, and assets of $1.2B (revenue +8.0% year-over-year).
- 2021: Revenue of $668.6M, expenses of $657.1M, and assets of $1.2B (revenue +15.9% year-over-year).
- 2020: Revenue of $577.0M, expenses of $668.7M, and assets of $1.2B (revenue -10.5% year-over-year).
- 2019: Revenue of $644.7M, expenses of $570.9M, and assets of $1.2B (revenue +91.7% year-over-year).
- 2018: Revenue of $336.3M, expenses of $278.1M, and assets of $859.4M (revenue -40.7% year-over-year).
- 2017: Revenue of $567.3M, expenses of $546.5M, and assets of $653.0M (revenue -2.4% year-over-year).
- 2016: Revenue of $581.3M, expenses of $553.2M, and assets of $613.3M (revenue +3.3% year-over-year).
- 2015: Revenue of $562.7M, expenses of $529.2M, and assets of $543.0M (revenue +4.3% year-over-year).
- 2014: Revenue of $539.7M, expenses of $494.0M, and assets of $518.1M (revenue +8.2% year-over-year).
- 2013: Revenue of $498.9M, expenses of $475.2M, and assets of $461.6M (revenue +2.0% year-over-year).
- 2012: Revenue of $489.0M, expenses of $475.9M, and assets of $438.2M (revenue +8.3% year-over-year).
- 2011: Revenue of $451.6M, expenses of $445.2M, and assets of $412.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennedy University Hospital Inc:
Data Sources and Methodology
This transparency report for Kennedy University Hospital Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.