Kaiser Foundation Health Plan of the Mid Atlantic States Inc

Analysis

Kaiser Foundation Health Plan of the Mid Atlantic States Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 1981, 45 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 December 2023, Kaiser Foundation Health Plan of the Mid Atlantic States Inc reported income of $5.88bn and spending of $5.88bn, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.69bn to $5.88bn (+26%), an average of +5.8% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kaiser Foundation Health Plan of the Mid Atlantic States Inc 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 Indiana University Health Inc ($5.75bn), Ucare Minnesota ($6.16bn) and Inova Health Care Services ($5.67bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $14k (0.0% of expenses). Other salaries and wages came to $742.1m. At year end it held assets of $3.15bn against liabilities of $3.03bn, net assets of $115.6m. It reported 10,049 employees.