Grossmont Hospital Corporation

Analysis

Grossmont Hospital Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1991, 35 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, Grossmont Hospital Corporation reported income of $1.01bn and spending of $962.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $779.0m to $1.01bn (+30%), an average of +6.7% a year. Over the whole period it spent 95% 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 Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Salem Health ($1.01bn), Stormont-Vail Healthcare Inc ($1.01bn) and Morton Plant Hospital Association Inc ($1.00bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.6m (0.4% of expenses). Other salaries and wages came to $394.8m. At year end it held assets of $1.44bn against liabilities of $248.6m, net assets of $1.19bn.