Torrance Memorial Hospital Med Center Auxiliary

Analysis

Torrance Memorial Hospital Med Center Auxiliary is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Torrance Memorial Hospital Med Center Auxiliary reported income of $266k and spending of $268k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $267k to $266k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Torrance Memorial Hospital Med Center Auxiliary sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Canterbury Village Retirement Corporation ($266k), Da Vinci Art Alliance ($266k) and The Foundation of the St Andrews Society of Philadelphia ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 20% of the total. At year end it held assets of $50k against liabilities of $12k, net assets of $38k.