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READING HOSPITAL

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Public nonprofit record

READING HOSPITAL

EIN 23-1352204 · Health Care (E220)

What they do

WEBSITE: WWW.TOWERHEALTH.ORG/LOCATIONS/READING-HOSPITAL THE MISSION of READING HOSPITAL is to PROVIDE COMPASSIONATE, ACCESSIBLE, HIGH-QUALITY, COST-EFFECTIVE HEALTHCARE to THE COMMUNITY; to PROMOTE HEALTH; to EDUCATION HEALTHCARE PROFESSIONALS; and to PARTICIPATE IN APPROPRIATE CLINICAL RESEARCH. IN ADDITION to ITS PRIMARY ROLE AS A PROVIDER of DIRECT CARE, READING HOSPITAL ADDRESSES ISSUES OUTSIDE THAT REAL THAT IMPACT HEALTH and WELLNESS. IN FACT, A KEY PART of OUR MISSION MEANS THE REINVESTMENT of RESOURCES INTO THESE EFFORTS, WHICH ARE COLLECTIVELY KNOWN AS COMMUNITY BENEFIT. WE ARE PROUD to REPORT THAT IN OUR LAST FISCAL YEAR (FY2024), WE COMMITTED NEARLY 168M to THIS CAUSE. READING HOSPITALS COMMUNITY WELLNESS DEPARTMENT SUPPORTS THE HOSPITALS COMMUNITY ENGAGEMENT and COMMUNITY BENEFIT ENDEAVORS. THE DEPARTMENTS MISSION is THREE PRONGED and SEEKS to LEAD, PARTNER, and INVEST IN STRATEGIC HEALTH INITIATIVES THAT TARGET THE UNDERSERVED, ADDRESS HEALTH DISPARITIES and SOCIAL DETE

Money

Financial picture

Tax year 2024
Revenue$1,585,100,406
Expenses$1,363,497,505
Assets$995,088,566
Income$1,586,349,626
Contributions$8,937,393
Grants given$254,617
Average grant$16,974
Management$148,214,896
Executive compensation$5,022,430
Accounting fees$1,385,582
Investing fees$420,000

About this charity

Recognized since
January 1936
Location
PO BOX 16052, READING, PA 196126052
County
Berks
In care of
MICHAEL STERN
Primary officer
MICHAEL STERN, PRES/CEO TH

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
KPMG LLP
NTEE classification
Health Care (E220)
IRS tax category
General Medical and Surgical Hospitals
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
12
Activity
150000000
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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