Pih Health Downey Hosptial

Analysis

Pih Health Downey Hosptial is a registered charity in United States, based in Downey, CA. It received its IRS tax-exemption ruling in January 1958, 68 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 September 2023, Pih Health Downey Hosptial reported income of $197.3m and spending of $204.8m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $170.4m to $197.3m (+16%), an average of +3.7% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pih Health Downey Hosptial sits at the 97th percentile: it is larger than about 97% 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 Kenmore Mercy Hospital ($197.1m), St Vincent Anderson Regional Hospital Inc ($197.3m) and Johnston Memorial Hospital Inc ($197.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $424k (0.2% of expenses). Other salaries and wages came to $84.8m. At year end it held assets of $194.5m against liabilities of $283.9m, net assets of -$89.4m. It reported 1,510 employees.