Kaiser Foundation Hospitals

Analysis

Kaiser Foundation Hospitals is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 1949, 77 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 December 2023, Kaiser Foundation Hospitals reported income of $32.79bn and spending of $30.65bn, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.44bn to $32.79bn (+7.7%), an average of +1.9% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kaiser Foundation Hospitals 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 Mass General Brigham Incorporated and Affiliates Group RTN ($22.73bn), Kaiser Foundation Health Plan Inc ($75.10bn) and Cleveland Clinic Foundation ($15.60bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 92% of the total. Other salaries and wages came to $9.60bn. At year end it held assets of $72.06bn against liabilities of $25.93bn, net assets of $46.13bn. It reported 95,446 employees.