Dameron Hospital Association

Analysis

Dameron Hospital Association is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in July 1946, 80 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, Dameron Hospital Association reported income of $153.9m and spending of $190.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145.0m to $153.9m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dameron Hospital Association sits at the 96th percentile: it is larger than about 96% of them. 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 Tidalhealth Nanticoke Inc ($153.6m), Bloodworks ($154.2m) and Lexington Medical Center ($153.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $24k (0.0% of expenses). Other salaries and wages came to $38.4m. At year end it held assets of $72.4m against liabilities of $108.7m, net assets of -$36.3m. It reported 705 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.