Loma Linda University Childrens Hospital

Analysis

Loma Linda University Childrens Hospital 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 Childrens Hospital reported income of $675.3m and spending of $619.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $515.1m to $675.3m (+31%), an average of +7.0% a year. Over the whole period it spent 91% 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 Childrens Hospital 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 Alta California Regional Center Inc ($674.5m), Holy Cross Health Inc ($681.6m) and St Marys Medical Center Inc ($659.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.4m (0.4% of expenses). Other salaries and wages came to $219.9m. At year end it held assets of $988.4m against liabilities of $448.6m, net assets of $539.8m. It reported 2,858 employees.