Penn State Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 0 | 0 | 0 | — | — |
| 2016 | 4,830,817 | 5,918,530 | −1,087,713 | -2.2 | 0% |
| 2017 | 4,686,680 | 17,774,984 | −13,088,304 | -7.6 | 0% |
| 2018 | 226,079,946 | 243,243,032 | −17,163,086 | 8.4 | 57% |
| 2019 | 301,760,919 | 428,422,773 | −126,661,854 | 1.5 | 38% |
| 2020 | 424,892,556 | 527,247,411 | −102,354,855 | -2.8 | 39% |
| 2021 | 534,372,914 | 612,082,108 | −77,709,194 | -3.6 | 40% |
| 2022 | 528,411,422 | 716,043,116 | −187,631,694 | -8.6 | 46% |
| 2023 | 601,230,428 | 881,341,749 | −280,111,321 | -11.3 | 50% |
In its most recent public year (2023), this organization spent $280,111,321 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-11.3 months). Staff pay was 50% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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