Grossmont Hospital Foundation

Analysis

Grossmont Hospital Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1985, 41 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 September 2023, Grossmont Hospital Foundation reported income of $6.2m and spending of $9.0m, spending 145% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $10.4m to $6.2m (-41%), an average of -12% a year. The sharpest change came in the year to September 2023, when income dropped by 34%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grossmont Hospital Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include KVC Foundation Inc ($6.2m), Owensville Primary Care Inc ($6.2m) and Citizens United for Research in Epilepsy ($6.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $211k (2.4% of expenses). Other salaries and wages came to $755k. At year end it held assets of $39.9m against liabilities of $894k, net assets of $39.0m. It reported 9 employees.