Sequoia Hospital Foundation

Analysis

Sequoia Hospital Foundation is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in August 2021, 5 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, Sequoia Hospital Foundation reported income of $2.1m and spending of $3.4m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.1m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2021, when income rose by 667%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sequoia Hospital Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include United States of Care Campaign ($2.1m), Oregon Lions Sight and Hearing Foundation Inc ($2.1m) and Winslow Emergency Medical Services Foundation Inc ($2.1m).

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 $24.8m against liabilities of $0, net assets of $24.8m.