Hoag Hospital Foundation

Analysis

Hoag Hospital Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hoag Hospital Foundation reported income of $112.9m and spending of $50.2m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67.4m to $112.9m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hoag Hospital Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Wellspring Foundation of Southwest Virginia ($112.9m), Philadelphia Post-Acute Partnersllc ($113.0m) and One Brooklyn Health System Inc ($112.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $4.4m (8.8% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $627.7m against liabilities of $18.3m, net assets of $609.5m.