Huntington Medical Foundation

Analysis

Huntington Medical Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2022, Huntington Medical Foundation reported income of $46.2m and spending of $56.4m, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $43.2m to $46.2m (+7.1%), an average of +2.3% a year. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Huntington Medical Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Richmond Children Center Inc ($46.2m), Madera Community Hospital ($46.3m) and Harbor ($46.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.2% and program service revenue 92% of the total. Other salaries and wages came to $10.2m. At year end it held assets of $14.8m against liabilities of $63.0m, net assets of -$48.2m. It reported 184 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.