City of Hope Medical Foundation

Analysis

City of Hope Medical Foundation is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in November 2012, 14 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 September 2023, City of Hope Medical Foundation reported income of $766.8m and spending of $720.6m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $457.1m to $766.8m (+68%), an average of +14% a year. The sharpest change came in the year to September 2022, when income rose by 25%. 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, City of Hope Medical Foundation sits at the 99th percentile: it is larger than about 99% 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 Pasadena Hospital Association Ltd ($764.5m), Johns Hopkins Bayview Medical Center Inc ($767.2m) and Northbay Healthcare Group ($763.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.6m (0.5% of expenses). Other salaries and wages came to $60.1m. At year end it held assets of $733.4m against liabilities of $423.8m, net assets of $309.7m. It reported 755 employees.