Henry Mayo Newhall Memorial Hospital

Analysis

Henry Mayo Newhall Memorial Hospital is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in September 1973, 53 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, Henry Mayo Newhall Memorial Hospital reported income of $454.2m and spending of $449.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $411.3m to $454.2m (+10%), an average of +2.5% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Henry Mayo Newhall Memorial 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 Osf Multi-Specialty Group ($453.8m), Hillcrest Baptist Medical Center ($455.6m) and Guthrie Medical Group PC ($453.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.8m (1.1% of expenses). Other salaries and wages came to $130.5m. At year end it held assets of $576.9m against liabilities of $361.9m, net assets of $215.0m. It reported 2,168 employees.