Kaiser Foundation Health Plan Inc

Analysis

Kaiser Foundation Health Plan Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kaiser Foundation Health Plan Inc reported income of $75.10bn and spending of $74.36bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.52bn to $75.10bn (+20%), an average of +4.7% a year. Over the whole period it spent 99% 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 Health Plan Inc 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 Kaiser Foundation Hospitals ($32.79bn), Mass General Brigham Incorporated and Affiliates Group RTN ($22.73bn) and Cleveland Clinic Foundation ($15.60bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $90.8m (0.1% of expenses). Other salaries and wages came to $2.68bn. At year end it held assets of $31.40bn against liabilities of $22.08bn, net assets of $9.32bn. It reported 30,295 employees.