Sharp Coronado Hospital and Healthcare Center

Analysis

Sharp Coronado Hospital and Healthcare Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1944, 82 years ago. 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 September 2023, Sharp Coronado Hospital and Healthcare Center reported income of $170.9m and spending of $154.8m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $110.4m to $170.9m (+55%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sharp Coronado Hospital and Healthcare Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Emory & Childrens Pediatric Institute Inc ($170.0m), Adventist Health System Texas Inc ($171.2m) and Redwood Coast Developmental Services Corporation ($169.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $734k (0.5% of expenses). Other salaries and wages came to $67.1m. At year end it held assets of $182.6m against liabilities of $26.7m, net assets of $155.9m.