Ridgecrest Regional Hospital

Analysis

Ridgecrest Regional Hospital is a registered charity in United States, based in Ridgecrest, CA. It received its IRS tax-exemption ruling in August 1965, 61 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, Ridgecrest Regional Hospital reported income of $147.7m and spending of $162.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $129.9m to $147.7m (+14%), an average of +3.3% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ridgecrest Regional Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Cooper University Hospital Cape Regional Inc ($147.6m), Ascension Health Texas ($147.9m) and University Physician Group ($147.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $876k (0.5% of expenses). Other salaries and wages came to $52.5m. At year end it held assets of $144.9m against liabilities of $74.8m, net assets of $70.1m. It reported 1,100 employees.