Salinas Valley Memorial Hospital Foundation Inc

Analysis

Salinas Valley Memorial Hospital Foundation Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in August 1980, 46 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 June 2023, Salinas Valley Memorial Hospital Foundation Inc reported income of $3.1m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.1m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2020, when income rose by 102%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Salinas Valley Memorial Hospital Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Fight Colorectal Cancer Inc ($3.1m), Ohio Alliance to End Sexual Violence ($3.1m) and Haiti Clinic Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $20.4m against liabilities of $537k, net assets of $19.9m.