Beverly Community Hospital Association

Analysis

Beverly Community Hospital Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1953, 73 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, Beverly Community Hospital Association reported income of $38.7m and spending of $140.9m, spending 364% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $190.0m to $38.7m (-80%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beverly Community Hospital Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Southwest Texas Regional Advisory Council for Trauma ($38.7m), Abington Memorial Hospital Foundation ($38.7m) and Owasso Medical Facility Inc ($38.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 251% of the total. Compensation of current officers, directors and key employees was $45.5m (32% of expenses). At year end it held assets of $44.8m against liabilities of $120.0m, net assets of -$75.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.