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Reading Hospital Foundation

EIN 47-3054125 · Reading, PA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair65 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY.

Income
$14.5 million
Spending
$5.7 million
Spent on programs
93%
Reserves
-0.5 months of spending
Largest source of income
donations and private grants, 75%
Employees
0
Highest pay
$1.6 million, board member

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 65 out of 100. Higher than 50% of charities in its peer group (health care, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 60% of income.

  • Income trend

    15 of 15

    Income rose 39% on the year before.

  • Spending floor

    15 of 15

    93% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 52% of charities in its peer group (health care, $10m to $100m).

  • Independent board

    25 of 25

    20 of 25 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $5.3 million spent. THE READING HOSPITAL FOUNDATION ACHIEVED REMARKABLE SUCCESS IN FY25, ADVANCING PATIENT CARE THROUGH STRATEGIC FUNDRAISING INITIATIVES THAT ADDRESSED CRITICAL HEALTHCARE NEEDS ACROSS MULTIPLE SERVICE AREAS. THE FOUNDATION'S FLAGSHIP ACCOMPLISHMENT WAS SECURING FUNDING FOR A NEW ELECTROPHYSIOLOGY (EP) LAB, BRINGING STATE-OF-THE-ART CARDIAC TECHNOLOGY TO THE COMMUNITY. THIS ADVANCED FACILITY WILL SIGNIFICANTLY ENHANCE THE HOSPITAL'S ABILITY TO DIAGNOSE AND TREAT COMPLEX HEART RHYTHM DISORDERS, PROVIDING PATIENTS WITH ACCESS TO CUTTING-EDGE CARDIOVASCULAR CARE WITHOUT THE NEED TO TRAVEL TO DISTANT MEDICAL CENTERS. RECOGNIZING THE VITAL CONNECTION BETWEEN NUTRITION AND WELLNESS, THE FOUNDATION LAUNCHED THE GROUNDBREAKING FOOD AS MEDICINE PROGRAM. THIS COMPREHENSIVE INITIATIVE PROVIDES PATIENTS WITH HEALTHY FOOD OPTIONS AND NUTRITIONAL EDUCATION, SPECIFICALLY TARGETING THE IMPROVEMENT OF OBESITY, DIABETES, AND HEART DISEASE OUTCOMES. THE FOUNDATION'S COMMITMENT TO SERVING VULNERABLE POPULATIONS WAS DEMONSTRATED THROUGH ITS SUPPORT OF STREET MEDICINE, ENSURING HEALTHCARE REACHES THOSE WHO MIGHT OTHERWISE GO WITHOUT MEDICAL ATTENTION. ADDITIONAL FUNDING PRIORITIES INCLUDED ADVANCING NURSING EDUCATION TO STRENGTHEN THE HOSPITAL'S WORKFORCE CAPABILITIES, UPGRADING NICU EQUIPMENT TO PROVIDE THE HIGHEST STANDARD OF CARE FOR THE REGION'S MOST FRAGILE PATIENTS, AND SUPPORTING THE REHABILITATION HOSPITAL'S MISSION TO HELP PATIENTS REGAIN INDEPENDENCE AND QUALITY OF LIFE. THE READING HOSPITAL FOUNDATION ACHIEVED REMARKABLE SUCCESS IN FY25, ADVANCING PATIENT CARE THROUGH STRATEGIC FUNDRAISING INITIATIVES THAT ADDRESSED CRITICAL HEALTHCARE NEEDS ACROSS MULTIPLE SERVICE AREAS. THE FOUNDATION'S FLAGSHIP ACCOMPLISHMENT WAS SECURING FUNDING FOR A NEW ELECTROPHYSIOLOGY (EP) LAB, BRINGING STATE-OF-THE-ART CARDIAC TECHNOLOGY TO THE COMMUNITY. THIS ADVANCED FACILITY WILL SIGNIFICANTLY ENHANCE THE HOSPITAL'S ABILITY TO DIAGNOSE AND TREAT COMPLEX HEART RHYTHM DISORDERS, PROVIDING PATIENTS WITH ACCESS TO CUTTING-EDGE CARDIOVASCULAR CARE WITHOUT THE NEED TO TRAVEL TO DISTANT MEDICAL CENTERS. RECOGNIZING THE VITAL CONNECTION BETWEEN NUTRITION AND WELLNESS, THE FOUNDATION LAUNCHED THE GROUNDBREAKING FOOD AS MEDICINE PROGRAM. THIS COMPREHENSIVE INITIATIVE PROVIDES PATIENTS WITH HEALTHY FOOD OPTIONS AND NUTRITIONAL EDUCATION, SPECIFICALLY TARGETING THE IMPROVEMENT OF OBESITY, DIABETES, AND HEART DISEASE OUTCOMES. THE FOUNDATION'S COMMITMENT TO SERVING VULNERABLE POPULATIONS WAS DEMONSTRATED THROUGH ITS SUPPORT OF STREET MEDICINE, ENSURING HEALTHCARE REACHES THOSE WHO MIGHT OTHERWISE GO WITHOUT MEDICAL ATTENTION. ADDITIONAL FUNDING PRIORITIES INCLUDED ADVANCING NURSING EDUCATION TO STRENGTHEN THE HOSPITAL'S WORKFORCE CAPABILITIES, UPGRADING NICU EQUIPMENT TO PROVIDE THE HIGHEST STANDARD OF CARE FOR THE REGION'S MOST FRAGILE PATIENTS, AND SUPPORTING THE REHABILITATION HOSPITAL'S MISSION TO HELP PATIENTS REGAIN INDEPENDENCE AND QUALITY OF LIFE.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Reading Hospital (West Reading, PA), EIN 23-1352204. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.