Lodi Memorial Hospital Foundation Inc

Analysis

Lodi Memorial Hospital Foundation Inc is a registered charity in United States, based in Lodi, CA. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 December 2023, Lodi Memorial Hospital Foundation Inc reported income of $7.9m and spending of $2.4m, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $580k to $7.9m (+1255%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 760%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lodi Memorial Hospital Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity Greater Orlando and Osceola County Inc ($7.9m), Hispanic Unity of Florida Inc ($7.9m) and American Society for Cell Biology ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $286k (12% of expenses). Other salaries and wages came to $35k. At year end it held assets of $16.9m against liabilities of $0, net assets of $16.9m.