Health Care LA Ipa

Analysis

Health Care LA Ipa is a registered charity in United States, based in Westlake VLG, CA. It received its IRS tax-exemption ruling in September 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Health Care LA Ipa reported income of $665.1m and spending of $631.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $393.8m to $665.1m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Care LA Ipa sits at the 99th percentile: it is larger than about 99% 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 Southern Illinois Hospital Services ($664.8m), Harvard Medical Faculty Phys at Beth Israel Deaconess Med Ctr Inc ($666.6m) and Baton Rouge General Medical Center ($663.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $422k (0.1% of expenses). At year end it held assets of $224.7m against liabilities of $129.3m, net assets of $95.4m. It reported 1 employees.