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Pennsylvania · Nonprofit

THE MILTON S HERSHEY MEDICAL CENTER

THE MILTON S HERSHEY MEDICAL CENTER (Pennsylvania) receives grants from 37 organizations whose IRS filings report $4,705,893 to it, the largest being CHARITIES AID FOUNDATION AMERICA ($902,364). 24 of them have funded it in more than one year.

Revenue FY2025
$3.0B
Funders on record
37
Grants received
$4.7M
Net assets
$3.1B
24/37 repeat funderspeak grant-dependency 0%
01What it does

What The Milton S Hershey Medical Center does

Mission

Mshmc's mission is to continually improve the health and well-being of the people in pennsylvania. The organization provides patients with excellent, compassionate, culturally responsive and equitable care, educate and trains healthcare professionals; and advances evidence-based medical innovation through research and discovery.

As stated on its FY2025 Form 990.

Program

  1. Milton s. Hershey medical center (mshmc) is a 611-licensed bed academic medical center located in hershey, pa. The hospital provides adults and children advanced patient-focused care for cancer, heart, vascular, and neurological conditions. The hospital is pennsylvania's only nationally verified level 1 trauma center for both adults and children. Additionally, mshmc operates an ambulatory surgical center, which provides endoscopy procedures to the centre county region. Mshmc shares its campus with penn state cancer institute, penn state college of medicine and penn state health children's hospital, the region's only children's hospital. In partnership with penn state college of medicine, mshmc faculty and staff continue to create innovative medical advances through research and clinical trials. Projects range from the development of artificial organs and advanced diagnostics to groundbreaking cancer treatments and understanding the fundamental causes of disease.

    $2,297,965,331 spentof which $17,500 as grants$2,991,198,697 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $2,297,965,331.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($2.6B) Expenses 100 ($2.3B) Net assets 100 ($2.4B)2023 Revenue 101 ($2.6B) Expenses 107 ($2.4B) Net assets 109 ($2.6B)2024 Revenue 109 ($2.9B) Expenses 115 ($2.6B) Net assets 118 ($2.8B)2025 Revenue 115 ($3.0B) Expenses 119 ($2.7B) Net assets 131 ($3.1B)
2022202320242025
Revenue (115)Expenses (119)Net assets (131)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $3.8B to $4.1B (+8%).

$3.3B
$3.5B
$3.8B
$4.1B
2022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2022 1% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

1% of THE MILTON S HERSHEY MEDICAL CENTER’s revenue is contributions — more donation-reliant than the typical peer (1% for the typical peer).

This organization
Typical peer · 2,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.

$338M
’22
$209M
’23
$231M
’24
$299M
’25
0.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Stephen Massini

Psh CEO - part year

As listed on its FY2025 Form 990.

2022202320242025
Listed24273030
Joined·+6+7+7
No longer listed·347
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 10 funders to 18 funders, grant income rose $254k → $777k.

9 of 37 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 50% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $539k from 3 payers (the payer shares this organization's board, largest United Way of the Capital Region). These are real filings, and they are not money THE MILTON S HERSHEY MEDICAL CENTER raised.

From the IRS filings of THE MILTON S HERSHEY MEDICAL CENTER’s funders (the co-funder graph). Top 30 of 37 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE MILTON S HERSHEY MEDICAL CENTER has a broad base — no single funder exceeds 19% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

84% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE MILTON S HERSHEY MEDICAL CENTER.

19%
largest funder
43%
top three
~11
effective funders

Largest funder’s share by year: 2017 24% · 2018 30% · 2019 50% · 2020 21% · 2021 20% · 2022 29% · 2023 39% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

52% of THE MILTON S HERSHEY MEDICAL CENTER's funders are still giving 3 years after their first grant; 65% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

THE MILTON S HERSHEY MEDICAL CENTER draws 65% of its grant income from funders outside Pennsylvania, across 15 states in all.

IL
NY
MA
OR
PA
NJ
CT
CA
MO
VA
DE
NC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. $2.3M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE MILTON S HERSHEY MEDICAL CENTER runs a healthier operating margin than half of the 1,256 health nonprofits its size.

Operating margin10% · above the median
Months of reserve0.0mo · bottom quartile
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 1,256 health nonprofits over $100M, FY2025

Organizations like THE MILTON S HERSHEY MEDICAL CENTER

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 16%Fundraising 0%

Governance

12
board members
67%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

PA

Part of a family of 16 related entities

  • Penn State Hershey Endoscopy Center · disregarded
  • St Joseph Regional Health Network · exempt
  • St Joseph Medical Center Foundation · exempt
  • St Joseph Medical Group · exempt
  • The Pennsylvania State University · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE MILTON S HERSHEY MEDICAL CENTER: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE MILTON S HERSHEY MEDICAL CENTER?
THE MILTON S HERSHEY MEDICAL CENTER (Pennsylvania) receives grants from 37 organizations whose IRS filings report $4,705,893 to it, the largest being CHARITIES AID FOUNDATION AMERICA ($902,364). 24 of them have funded it in more than one year.
How many funders does THE MILTON S HERSHEY MEDICAL CENTER have?
IRS filings report 37 organizations giving $4,705,893 in grants to THE MILTON S HERSHEY MEDICAL CENTER, 24 of which have funded it in more than one year.
Who is the largest funder of THE MILTON S HERSHEY MEDICAL CENTER?
CHARITIES AID FOUNDATION AMERICA is the largest funder on record, with $902,364 in grants. The full list of funders is on this page.
How can an organization like THE MILTON S HERSHEY MEDICAL CENTER find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 37 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing