Ridgecrest Regional Hospital Foundation

Analysis

Ridgecrest Regional Hospital Foundation is a registered charity in United States, based in Ridgecrest, CA. It received its IRS tax-exemption ruling in January 2015, 11 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, Ridgecrest Regional Hospital Foundation reported income of $191k and spending of $1,842, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $191k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 13% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ridgecrest Regional Hospital Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Beckman Endowment Fund ($191k), Acorn Community Clinic ($191k) and Greater Milwaukee Central Office Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.5m against liabilities of $1,615, net assets of $1.5m.