Keck Medical Center of Usc

Analysis

Keck Medical Center of Usc 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 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, Keck Medical Center of Usc reported income of $1.94bn and spending of $1.75bn, spending 90% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $861.7m to $1.94bn (+126%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Keck Medical Center of Usc 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 Methodist Healthcare-Memphis ($1.94bn), Lenox Hill Hospital ($1.95bn) and Parkview Hospital Inc ($1.93bn).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $924k (0.1% of expenses). Other salaries and wages came to $487.3m. At year end it held assets of $1.66bn against liabilities of $181.1m, net assets of $1.48bn.