Memorial Health Services Group Return

Analysis

Memorial Health Services Group Return is a registered charity in United States, based in Fountain Vly, CA. It received its IRS tax-exemption ruling in March 2010, 16 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, Memorial Health Services Group Return reported income of $2.72bn and spending of $2.90bn, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.48bn to $2.72bn (+9.8%), an average of +2.4% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Health Services Group Return sits at the 100th 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 Childrens Hospital Corporation ($2.71bn), Prisma Health - Upstate ($2.85bn) and Christiana Care Health Services Inc ($2.70bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $25.4m (0.9% of expenses). Other salaries and wages came to $751.9m. At year end it held assets of $2.79bn against liabilities of $626.7m, net assets of $2.16bn. It reported 11,406 employees.