Civic Intelligence

Reading Hospital

990T • Fiscal year 2024 • EIN 23-1352204

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

PO Box 16052Reading, PA 19612-6052

(484) 628-4307

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0B$1.0B$0-$1.0BAssets 2010: $819,810,830Liabilities 2010: $827,961,527Net Assets 2010: -$8,150,6972010Assets 2011: $855,456,958Liabilities 2011: $793,836,701Net Assets 2011: $61,620,2572011Assets 2012: $915,035,276Liabilities 2012: $850,291,791Net Assets 2012: $64,743,4852012Assets 2013: $926,283,621Liabilities 2013: $771,996,389Net Assets 2013: $154,287,2322013Assets 2014: $855,324,800Liabilities 2014: $801,285,912Net Assets 2014: $54,038,8882014Assets 2015: $873,905,806Liabilities 2015: $807,041,841Net Assets 2015: $66,863,9652015Assets 2016: $895,645,440Liabilities 2016: $979,458,830Net Assets 2016: -$83,813,3902016Assets 2017: $846,227,245Liabilities 2017: $876,533,515Net Assets 2017: -$30,306,2702017Assets 2018: $911,411,555Liabilities 2018: $745,458,126Net Assets 2018: $165,953,4292018Assets 2019: $1,033,939,184Liabilities 2019: $789,607,224Net Assets 2019: $244,331,9602019Assets 2020: $1,183,713,752Liabilities 2020: $1,043,898,922Net Assets 2020: $139,814,8302020Assets 2021: $1,056,250,681Liabilities 2021: $990,837,672Net Assets 2021: $65,413,0092021Assets 2022: $1,060,006,522Liabilities 2022: $1,382,700,921Net Assets 2022: -$322,694,3992022Assets 2023: $1,004,570,287Liabilities 2023: $1,626,785,095Net Assets 2023: -$622,214,8082023Assets 2024: $1,022,464,769Liabilities 2024: $1,593,015,406Net Assets 2024: -$570,550,6372024

Latest loaded filing

2024

Assets$1,022,464,769
Liabilities$1,593,015,406
Net Assets-$570,550,637

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0B$1.5B$1.0B$500M$0Expenses 2010: $669,865,1652010Expenses 2011: $694,396,3132011Revenue 2012: $811,499,191Expenses 2012: $732,664,961Net Income 2012: $78,834,2302012Expenses 2013: $726,859,2362013Revenue 2014: $803,742,627Expenses 2014: $778,819,984Net Income 2014: $24,922,6432014Revenue 2015: $797,380,256Expenses 2015: $782,782,563Net Income 2015: $14,597,6932015Revenue 2016: $869,081,227Expenses 2016: $794,834,324Net Income 2016: $74,246,9032016Revenue 2017: $925,976,260Expenses 2017: $849,833,785Net Income 2017: $76,142,4752017Revenue 2018: $986,682,160Expenses 2018: $876,260,974Net Income 2018: $110,421,1862018Revenue 2019: $1,021,434,273Expenses 2019: $895,857,466Net Income 2019: $125,576,8072019Revenue 2020: $1,035,019,113Expenses 2020: $971,538,717Net Income 2020: $63,480,3962020Revenue 2021: $1,263,841,038Expenses 2021: $1,076,570,863Net Income 2021: $187,270,1752021Revenue 2022: $1,290,581,797Expenses 2022: $1,105,982,377Net Income 2022: $184,599,4202022Revenue 2023: $1,383,023,429Expenses 2023: $1,209,551,696Net Income 2023: $173,471,7332023Revenue 2024: $1,521,841,456Expenses 2024: $1,258,437,533Net Income 2024: $263,403,9232024

Latest loaded filing

2024

Revenue$1,521,841,456
Expenses$1,258,437,533
Net Income$263,403,923
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v8.0
Mission and Program Overview

Mission

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 educate 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 realm that impact health and wellness. In fact, a key part of our mission means the reinvestment of our resources into these efforts, which are collectively known as community benefit. Reading hospital's community wellness department supports the hospital's community engagement and community benefit endeavors. The department's mission is three pronged and seeks to lead, partner, and invest in strategic health initiatives that target the underserved and address health disparities and social determinants of health. The community wellness department also manages the community health needs as

Filing and Contact Details

Filer

Filer Name
Reading Hospital
EIN
23-1352204
Phone
4846284307
Address
PO BOX 16052, READING, PA 19612-6052

Signing Officer

Name
Michael Stern
Title
CEO Tower Health
Phone
4846284307
Signed
2025-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Kpmg Llp
Address
1735 MARKET STREET, PHILADELPHIA, PA 19103
Preparer
Phillip E Groff
Phone
2672567000
Raw XML Appendix114 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS4562/BusinessOrActivityTxt0CHILD CARE
IRS4562/BusinessOrActivityTxt1LABORATORY
IRS4562/MACRSDedForAstInSrvcBfrPYAmt039
IRS4562/MACRSDedForAstInSrvcBfrPYAmt11
IRS4562/MaximumDollarLimitationAmt01160000
IRS4562/MaximumDollarLimitationAmt11160000
IRS4562/ThresholdCostOfSect179PropAmt02890000
IRS4562/ThresholdCostOfSect179PropAmt12890000
IRS4562/TotalDepreciationAmt039
IRS4562/TotalDepreciationAmt11
IRS990T/AvlblPre2018NOLCarryoverAmt0-4309511
IRS990T/BooksInCareOfDetail/PersonNm0MIKE EESLEY CFO TOWER HE
IRS990T/BooksInCareOfDetail/PhoneNum04846288000
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0420 SOUTH 5TH AVENUE
IRS990T/BooksInCareOfDetail/USAddress/CityNm0WEST READING
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd019611
IRS990T/BookValueAssetsEOYAmt01022464769
IRS990T/ForeignAccountsQuestionInd0false
IRS990T/ForeignTrustQuestionInd0false
IRS990T/Form990TScheduleAAttachedCnt03
IRS990T/NetOperatingLossDeductionAmt0152771
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/ParentCorporationEIN0232201344
IRS990T/ParentCorporationName/BusinessNameLine1Txt0TOWER HEALTH
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt0377083
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd0624410
IRS990T/PrntCorporationNameControlTxt0TOWE
IRS990TScheduleA/DepreciationNetAmt01
IRS990TScheduleA/DepreciationNetAmt139
IRS990TScheduleA/OtherDeductionsAmt03392
IRS990TScheduleA/OtherDeductionsAmt115031
IRS990TScheduleA/OtherDeductionsAmt2396887
IRS990TScheduleA/OtherIncomeAmt0574
IRS990TScheduleA/OtherIncomeAmt125862
IRS990TScheduleA/OtherIncomeAmt2549658
IRS990TScheduleA/PrincipalBusinessActivityCd0621500
IRS990TScheduleA/PrincipalBusinessActivityCd1624410
IRS990TScheduleA/PrincipalBusinessActivityCd2446110
IRS990TScheduleA/RepairsAndMaintenanceAmt02
IRS990TScheduleA/SalariesAndWagesAmt012
IRS990TScheduleA/SalariesAndWagesAmt125620
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceReferenceNum12
IRS990TScheduleA/SequenceReferenceNum23
IRS990TScheduleA/SequenceTotalNum03
IRS990TScheduleA/SequenceTotalNum13
IRS990TScheduleA/SequenceTotalNum23
IRS990TScheduleA/TotalDeductionsAmt03407
IRS990TScheduleA/TotalDeductionsAmt140690
IRS990TScheduleA/TotalDeductionsAmt2396887
IRS990TScheduleA/TotalDepreciationAmt01
IRS990TScheduleA/TotalDepreciationAmt139
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt0574
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt125862
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt2549658
IRS990TScheduleA/TotUnrltTrdBusIncmAmt0574
IRS990TScheduleA/TotUnrltTrdBusIncmAmt125862
IRS990TScheduleA/TotUnrltTrdBusIncmAmt2549658
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt10
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt20
IRS990TScheduleA/TradeOrBusinessDesc0LABORATORY
IRS990TScheduleA/TradeOrBusinessDesc1CHILD CARE
IRS990TScheduleA/TradeOrBusinessDesc2RETAIL PHARMACY
IRS990TScheduleA/UBIBeforeNOLDedAmt0-2833
IRS990TScheduleA/UBIBeforeNOLDedAmt1-14828
IRS990TScheduleA/UBIBeforeNOLDedAmt2152771
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0-2833
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt1-14828
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt2152771
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd0true
IRS990T/TaxableCorporationAmt00
IRS990T/TaxableTrustAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIBeforeNOLSpecificAmt0152771
IRS990T/TotalUBTIBeforeSection199AAmt00
IRS990T/TotalUBTIComputedAmt0152771
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL STERN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO TOWER HEALTH
ReturnHeader/BusinessOfficerGrp/PhoneNum04846284307
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING HOSPITAL
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0231352204
ReturnHeader/Filer/PhoneNum04846284307
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 16052
ReturnHeader/Filer/USAddress/CityNm0READING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0196126052
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0135565207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KPMG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01735 MARKET STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019103
ReturnHeader/PreparerPersonGrp/PhoneNum02672567000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILLIP E GROFF
ReturnHeader/ReturnTs02025-05-14T10:55:39-04:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,022$1,593$571$1,522$1,258$263
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023Detailed filing. Detailed filing data is available for this year.$1,005$1,627$622$1,383$1,210$173
2022Detailed filing. Detailed filing data is available for this year.$1,060$1,383$323$1,291$1,106$185
2021Detailed filing. Detailed filing data is available for this year.$1,056$991$65.4$1,264$1,077$187
2020Detailed filing. Detailed filing data is available for this year.$1,184$1,044$140$1,035$972$63.5
2019Detailed filing. Detailed filing data is available for this year.$1,034$790$244$1,021$896$126
2018Detailed filing. Detailed filing data is available for this year.$911$745$166$987$876$110
2017Detailed filing. Detailed filing data is available for this year.$846$877$30.3$926$850$76.1
2016Detailed filing. Detailed filing data is available for this year.$896$979$83.8$869$795$74.2
2015Detailed filing. Detailed filing data is available for this year.$874$807$66.9$797$783$14.6
2014Detailed filing. Detailed filing data is available for this year.$855$801$54.0$804$779$24.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$926$772$154$727
2012Summary only. Only limited summary data is available for this year.$915$850$64.7$811$733$78.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$855$794$61.6$694
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$820$828$8.15$670