Loma Linda University Medical Center-Murrieta

Analysis

Loma Linda University Medical Center-Murrieta is a registered charity in United States, based in Loma Linda, CA. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Loma Linda University Medical Center-Murrieta reported income of $314.7m and spending of $330.9m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $216.9m to $314.7m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loma Linda University Medical Center-Murrieta 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 SRC Inc ($311.5m), Abilene Christian University ($314.8m) and Johns Hopkins Community Physicians Inc ($309.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.6m (0.5% of expenses). Other salaries and wages came to $123.2m. At year end it held assets of $316.4m against liabilities of $488.6m, net assets of -$172.2m. It reported 1,777 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.