Valley Presbyterian Hospital

Analysis

Valley Presbyterian Hospital is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in March 1963, 63 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, Valley Presbyterian Hospital reported income of $517.0m and spending of $546.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $486.7m to $517.0m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Presbyterian Hospital sits at the 98th percentile: it is larger than about 98% 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 St Marys Hospital and Medical Center Inc ($515.2m), Robert Packer Hospital ($517.7m) and St Anthonys Hospital Inc ($515.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $5.9m (1.1% of expenses). Other salaries and wages came to $146.8m. At year end it held assets of $601.1m against liabilities of $193.7m, net assets of $407.4m. It reported 2,001 employees.