Virginia Garcia Memorial Health Center

Analysis

Virginia Garcia Memorial Health Center is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in November 1978, 48 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 March 2023, Virginia Garcia Memorial Health Center reported income of $97.8m and spending of $78.2m, leaving 20% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $60.4m to $97.8m (+62%), an average of +17% a year. The sharpest change came in the year to March 2021, when income rose by 33%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virginia Garcia Memorial Health Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Daymark Recovery Services Inc ($97.8m), Lifeskills Inc ($97.9m) and Community Hospital of Brazosport ($97.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 20% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $3.5m (4.4% of expenses). Other salaries and wages came to $42.7m. At year end it held assets of $131.1m against liabilities of $35.7m, net assets of $95.4m. It reported 735 employees.