Kaiser Health Plan Asset Management Inc

Analysis

Kaiser Health Plan Asset Management Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 1998, 28 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 December 2023, Kaiser Health Plan Asset Management Inc reported income of $62.7m and spending of $62.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54.2m to $62.7m (+16%), an average of +3.7% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kaiser Health Plan Asset Management 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Acadia General Hospital Inc ($62.6m), Community Health Clinics Inc ($62.8m) and Coastal Horizons Center Inc ($62.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $614k. At year end it held assets of $297.3m against liabilities of $123.9m, net assets of $173.4m.