City of Hope National Medical Center

Analysis

City of Hope National Medical Center is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, City of Hope National Medical Center reported income of $2.54bn and spending of $2.39bn, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.36bn to $2.54bn (+87%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 28%. 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, City of Hope National 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 Fresno Community Hospital and Medical Center ($2.49bn), Caresource ($2.55bn) and Careoregon Inc ($2.48bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $10.3m (0.4% of expenses). Other salaries and wages came to $700.5m. At year end it held assets of $4.39bn against liabilities of $3.52bn, net assets of $867.5m. It reported 7,473 employees.