Cedars-Sinai Marina Hospital

Analysis

Cedars-Sinai Marina Hospital is a registered charity in United States, based in Marina DL Rey, CA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cedars-Sinai Marina Hospital reported income of $157.5m and spending of $171.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $186.7m to $157.5m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cedars-Sinai Marina Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Lifelink Foundation Inc ($157.2m), Mission Hospital Inc ($157.7m) and Family Residences and Essential Enterprises Inc ($157.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.7m (1.0% of expenses). Other salaries and wages came to $71.7m. At year end it held assets of $181.7m against liabilities of $117.2m, net assets of $64.6m. It reported 983 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.