Southern California Medical Center Inc

Analysis

Southern California Medical Center Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in September 2009, 17 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, Southern California Medical Center Inc reported income of $25.1m and spending of $30.2m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $25.1m (+117%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southern California Medical Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Community Research Initiative of New England Inc ($25.1m), HSHS Holy Family Hospital Inc ($25.1m) and Providers Insurance Corporation ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.3m (4.4% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $23.7m against liabilities of $14.5m, net assets of $9.2m. It reported 314 employees.