Simi Valley Hospital Foundation

Analysis

Simi Valley Hospital Foundation is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simi Valley Hospital Foundation reported income of $218k and spending of $90k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $218k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 151% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Simi Valley Hospital Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Team Tacala Charities ($218k), Hermelin Family Foundation ($218k) and Wings Educational Foundation ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $985k against liabilities of $2,000, net assets of $983k.