Mills-Peninsula Hospital Foundation

Analysis

Mills-Peninsula Hospital Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mills-Peninsula Hospital Foundation reported income of $14.5m and spending of $5.5m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.6m to $14.5m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mills-Peninsula Hospital Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Paces Inc ($14.5m), Childrens Specialized Hospital Foundation Inc ($14.5m) and Princeton Healthcare System Foundation Inc ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 20% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $72.1m against liabilities of $4.0m, net assets of $68.2m.