Sierra Nevada Memorial Hospital Foundation

Analysis

Sierra Nevada Memorial Hospital Foundation is a registered charity in United States, based in Grass Valley, CA. It received its IRS tax-exemption ruling in July 1984, 42 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 June 2023, Sierra Nevada Memorial Hospital Foundation reported income of $2.0m and spending of $2.4m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.0m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sierra Nevada Memorial Hospital Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Palm Healthcare Foundation Inc ($2.0m), Gamechanger Charity ($2.0m) and S2ay Rural Health Network ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $102k (4.2% of expenses). Other salaries and wages came to $289k. At year end it held assets of $6.8m against liabilities of $246k, net assets of $6.5m. It reported 12 employees.