Golden Valley Health Centers

Analysis

Golden Valley Health Centers is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in May 1973, 53 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Golden Valley Health Centers reported income of $195.1m and spending of $164.3m, spending 84% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $122.7m to $195.1m (+59%), an average of +12% a year. The sharpest change came in the year to March 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Golden Valley Health Centers sits at the 97th percentile: it is larger than about 97% 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 NHNFP Healthcare Inc ($194.5m), Ottawa Regional Hospital & Healthcare Center ($195.2m) and Uchealth Greeley Hospital ($194.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $81.4m. At year end it held assets of $230.2m against liabilities of $79.2m, net assets of $151.0m. It reported 1,288 employees.