Kern Medical Center Foundation

Analysis

Kern Medical Center Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in December 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 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 December 2023, Kern Medical Center Foundation reported income of $1.6m and spending of $592k, leaving 64% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $1.0m to $1.6m (+62%), an average of +10% a year. The sharpest change came in the year to December 2019, when income rose by 218%. 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, Kern Medical Center Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Texas Academy of Medicine Engineering Science and Technology ($1.6m), Asian Pacific Center for Human Development ($1.6m) and Holy Cross Health Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.