California Hospital Medical Center Foundation

Analysis

California Hospital Medical Center Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, California Hospital Medical Center Foundation reported income of $5.5m and spending of $6.8m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.8m to $5.5m (-63%), an average of -22% a year. The sharpest change came in the year to June 2020, when income dropped by 53%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, California Hospital Medical Center Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Project Camp Inc ($5.5m), Medic One Foundation ($5.5m) and Grande Ronde Hospital Foundation ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $24.7m against liabilities of $664k, net assets of $24.1m.