Kensington Hospital
- Assets
- $8.5m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 48
- Location
- Philadelphia, PA
- Founding
- 09/1951
- Data as of
- 06/2022
- EIN
- 23-1381447
Organization Overview
Kensington Hospital is located in Philadelphia, PA. The organization was established in 1951. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Kensington Hospital employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kensington Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kensington Hospital generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT AND OUTPATIENT HOSPITAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Lalli CEO | Officer | 40 | $213,207 |
Joanne Galasso Nurse Practitioner | 40 | $171,080 | |
Eileen Hause Director/president | OfficerTrustee | 3 | $0 |
Philip Alterman President,partial Year | OfficerTrustee | 3 | $0 |
Richard Hause Director | Trustee | 3 | $0 |
Stanley Moat Director,partial Year | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rajani Walsh Physician | 6/29/21 | $198,715 |
Zamier Hassan Md Physician | 6/29/21 | $104,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,106,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,114,383 |
| Total Program Service Revenue | $7,509,682 |
| Investment income | $6,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,903,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,657 |
| Compensation of current officers, directors, key employees. | $43,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,628,176 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $545,333 |
| Payroll taxes | $250,931 |
| Fees for services: Management | $203,643 |
| Fees for services: Legal | $28,689 |
| Fees for services: Accounting | $87,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,711 |
| Advertising and promotion | $0 |
| Office expenses | $59,854 |
| Information technology | $29,142 |
| Royalties | $0 |
| Occupancy | $167,754 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,573 |
| Insurance | $251,136 |
| All other expenses | $0 |
| Total functional expenses | $6,403,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,782,906 |
| Savings and temporary cash investments | $2,198,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,041,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,900 |
| Inventories for sale or use | $70,818 |
| Prepaid expenses and deferred charges | $223,005 |
| Net Land, buildings, and equipment | $2,368,561 |
| Investments—publicly traded securities | $448,796 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,284 |
| Total assets | $8,470,741 |
| Accounts payable and accrued expenses | $307,423 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $744,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,754 |
| Total liabilities | $1,149,331 |
| Net assets without donor restrictions | $7,321,410 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,470,741 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kensington Hospital has recieved totaling $7,505.
| Awarding Organization | Amount |
|---|---|
Kenelm Foundation Voorhees, NJ PURPOSE: CHARITABLE DONATION | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Barnesville Hospital Association Inc Barnesville, OH | $13,746,955 | $20,495,277 |
Grafton City Hospital Inc Grafton, WV | $12,579,232 | $20,111,333 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Shore Rehabilitation Institute Inc Brick, NJ | $9,020,027 | $18,706,830 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |