Usc Health System

Analysis

Usc Health System is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Usc Health System reported income of $22.7m and spending of $303.9m, spending 1337% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $3.1m to $22.7m (+641%), an average of +641% a year. The sharpest change came in the year to June 2023, when income rose by 641%. Over the whole period it spent 1952% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Usc Health System sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Nebraska Organ Recovery System ($22.7m), Pillars Community Health ($22.7m) and Community Access Network Inc ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $7.3m (2.4% of expenses). Other salaries and wages came to $88.0m. At year end it held assets of $164.3m against liabilities of $621.5m, net assets of -$457.2m.