Usc Verdugo Hills Hospital

Analysis

Usc Verdugo Hills Hospital is a registered charity in United States, based in Glendale, 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 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, Usc Verdugo Hills Hospital reported income of $166.3m and spending of $191.4m, spending 115% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $75.5m to $166.3m (+120%), an average of +48% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Usc Verdugo Hills Hospital sits at the 96th percentile: it is larger than about 96% of them. 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 Memorial Health System of East Texas ($166.2m), Sierra Health Foundation Center for Health Program Management ($166.4m) and Civista Medical Center Inc ($165.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.3m (1.2% of expenses). Other salaries and wages came to $92.1m. At year end it held assets of $164.9m against liabilities of $147.9m, net assets of $17.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.