Hoag Memorial Hospital Presbyterian

Analysis

Hoag Memorial Hospital Presbyterian is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in March 1954, 72 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, Hoag Memorial Hospital Presbyterian reported income of $1.84bn and spending of $1.69bn, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.20bn to $1.84bn (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hoag Memorial Hospital Presbyterian 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 Kennestone Hospital Inc ($1.83bn), Geisinger Medical Center ($1.88bn) and John Muir Health ($1.78bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $9.4m (0.6% of expenses). Other salaries and wages came to $663.0m. At year end it held assets of $4.53bn against liabilities of $1.48bn, net assets of $3.05bn. It reported 10,058 employees.