Sharp Healthcare Foundation

Analysis

Sharp Healthcare Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 1980, 46 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, Sharp Healthcare Foundation reported income of $19.5m and spending of $23.2m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.7m to $19.5m (+10%), an average of +2.4% a year. The sharpest change came in the year to September 2022, when income rose by 87%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sharp Healthcare Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Brethren Care Inc ($19.5m), Continuecare Hospital of Tyler Incorporated ($19.5m) and Dardanelle Regional LLC ($19.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $745k (3.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $139.1m against liabilities of $32.5m, net assets of $106.6m.