Sharp Memorial Hospital

Analysis

Sharp Memorial Hospital is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1984, 42 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, Sharp Memorial Hospital reported income of $1.54bn and spending of $1.32bn, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.31bn to $1.54bn (+18%), an average of +4.1% a year. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sharp Memorial Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Portercare Adventist Health System ($1.54bn), Childrens Hospital of Orange County ($1.55bn) and CHG Foundation ($1.53bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.8m (0.3% of expenses). Other salaries and wages came to $530.3m. At year end it held assets of $3.96bn against liabilities of $414.9m, net assets of $3.54bn.