Cedars-Sinai Medical Center

Analysis

Cedars-Sinai Medical Center is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in February 1964, 62 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, Cedars-Sinai Medical Center reported income of $4.66bn and spending of $4.16bn, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.91bn to $4.66bn (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cedars-Sinai Medical 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 Ohiohealth Corporation ($4.52bn), Sutter Valley Hospitals ($4.66bn) and Multicare Health System ($4.50bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $21.3m (0.5% of expenses). Other salaries and wages came to $1.62bn. It paid $68k in professional fundraising fees. At year end it held assets of $11.20bn against liabilities of $3.32bn, net assets of $7.88bn. It reported 17,592 employees.