Washington Township Hospital Developmdnt Corp

Analysis

Washington Township Hospital Developmdnt Corp is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in August 1984, 42 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 June 2023, Washington Township Hospital Developmdnt Corp reported income of $41.7m and spending of $44.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.8m to $41.7m (+31%), an average of +7.0% a year. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washington Township Hospital Developmdnt Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Mercy Management of Southeastern Pennsylvania ($41.6m), Richfield Living ($41.7m) and Metropolitan Jewish Home Care Inc ($41.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $310.7m against liabilities of $334.5m, net assets of -$23.8m.

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.