Pasadena Hospital Association Ltd

Analysis

Pasadena Hospital Association Ltd is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1971, 55 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, Pasadena Hospital Association Ltd reported income of $764.5m and spending of $802.5m, spending 105% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $694.2m to $764.5m (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 97%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pasadena Hospital Association Ltd sits at the 99th percentile: it is larger than about 99% of them. 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 Northbay Healthcare Group ($763.5m), City of Hope Medical Foundation ($766.8m) and Ashland Hospital Corporation ($762.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $14.9m (1.9% of expenses). Other salaries and wages came to $272.0m. At year end it held assets of $1.21bn against liabilities of $594.1m, net assets of $612.6m.