Central Valley Medical Center

Analysis

Central Valley Medical Center is a registered charity in United States, based in Nephi, UT. It received its IRS tax-exemption ruling in October 1985, 41 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, Central Valley Medical Center reported income of $61.7m and spending of $58.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.7m to $61.7m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Valley Medical Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Christ Community Health Services Inc ($61.6m), Harmony Health Care Long Island ($61.7m) and Community Memorial Hospital Inc ($61.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $7,650 (0.0% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $104.8m against liabilities of $25.9m, net assets of $78.9m. It reported 436 employees.