Madera Community Hospital

Analysis

Madera Community Hospital is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in June 1975, 51 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, Madera Community Hospital reported income of $46.3m and spending of $74.0m, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $95.5m to $46.3m (-52%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madera Community Hospital sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Huntington Medical Foundation ($46.2m), Smyth County Community Hospital ($46.3m) and Richmond Children Center Inc ($46.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $837k (1.1% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $59.4m against liabilities of $34.6m, net assets of $24.8m. It reported 984 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.