LA Familia Medical Center

Analysis

LA Familia Medical Center is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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 June 2023, LA Familia Medical Center reported income of $19.0m and spending of $20.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $19.0m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Familia Medical Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Mountain Projects Inc ($19.0m), National Bleeding Disorders Foundation ($19.0m) and St Vincent Salem Hospital Inc ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $821k (4.0% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $7.0m against liabilities of $1.8m, net assets of $5.2m. It reported 224 employees.