Bakersfield Memorial Hospital Foundation

Analysis

Bakersfield Memorial Hospital Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in January 1981, 45 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 June 2024, Bakersfield Memorial Hospital Foundation reported income of $6.8m and spending of $2.6m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $6.8m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bakersfield Memorial Hospital Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Brown County Oral Healthpartnership Inc ($6.8m), Second Chance Inc ($6.8m) and Everylife Foundation for Rare Diseases ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $216k. At year end it held assets of $13.6m against liabilities of $0, net assets of $13.6m.