Rideout Memorial Hospital

Analysis

Rideout Memorial Hospital is a registered charity in United States, based in Roseville, CA. It received its IRS tax-exemption ruling in June 1959, 67 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, Rideout Memorial Hospital reported income of $491.9m and spending of $532.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $413.2m to $491.9m (+19%), an average of +4.5% a year. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rideout Memorial Hospital sits at the 98th percentile: it is larger than about 98% 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 Our Lady of Lourdes Memorial Hospit Al Inc ($488.9m), Augusta Health Care Inc ($492.0m) and Summit Medical Group Inc ($488.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Other salaries and wages came to $171.0m. At year end it held assets of $450.5m against liabilities of $445.2m, net assets of $5.3m. It reported 2,200 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.