City of Hope

Analysis

City of Hope is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in April 1985, 41 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 September 2023, City of Hope reported income of $330.0m and spending of $167.0m, leaving 49% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $592.5m to $330.0m (-44%), an average of -14% a year. The sharpest change came in the year to September 2020, when income dropped by 39%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, City of Hope 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 The American Oncologic Hospital ($329.4m), Saint Marys Hospital Inc ($330.2m) and Covenant Medical Center Inc ($328.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $5.8m (3.5% of expenses). Other salaries and wages came to $38.9m. It paid $6.6m in professional fundraising fees. At year end it held assets of $2.88bn against liabilities of $324.7m, net assets of $2.56bn. It reported 222 employees.