Sharp Chula Vista Medical Center

Analysis

Sharp Chula Vista Medical Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1966, 60 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, Sharp Chula Vista Medical Center reported income of $606.7m and spending of $607.8m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $423.0m to $606.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sharp Chula Vista Medical Center sits at the 99th percentile: it is larger than about 99% 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 Central Peninsula General Hospital Inc ($606.2m), Norton Healthcare Inc ($607.1m) and Indiana University Health Ball Memorial Hospital Inc ($604.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.0m (0.5% of expenses). Other salaries and wages came to $251.8m. At year end it held assets of $590.4m against liabilities of $317.8m, net assets of $272.6m. It reported 2,900 employees.