Salinas Valley Memorial Hospital Service League

Analysis

Salinas Valley Memorial Hospital Service League is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in January 1965, 61 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, Salinas Valley Memorial Hospital Service League reported income of $162k and spending of $205k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $162k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salinas Valley Memorial Hospital Service League sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students ($162k), Historical Society of Schuylkill County ($162k) and Transnewyork Inc ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. At year end it held assets of $383k against liabilities of $211, net assets of $382k.