Santa Ynez Valley Cottage Hospital Inc

Analysis

Santa Ynez Valley Cottage Hospital Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 1964, 62 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, Santa Ynez Valley Cottage Hospital Inc reported income of $32.7m and spending of $25.9m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.5m to $32.7m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Santa Ynez Valley Cottage Hospital Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Gracemed Health Clinic Inc ($32.7m), Pediatric Medical Services of Florida Inc ($32.7m) and Ripon Medical Center Inc ($32.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $836k (3.2% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $85.4m against liabilities of $3.7m, net assets of $81.6m. It reported 123 employees.