Sharp Healthcare

Analysis

Sharp Healthcare is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 1957, 69 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 Healthcare reported income of $1.90bn and spending of $2.04bn, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.68bn to $1.90bn (+13%), an average of +3.2% a year. The sharpest change came in the year to September 2022, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sharp Healthcare 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 HH Medstar Health Inc ($1.89bn), Methodist Hospitals of Dallas ($1.92bn) and Bon Secours Richmond Health System ($1.89bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $11.2m (0.5% of expenses). Other salaries and wages came to $477.0m. At year end it held assets of $5.01bn against liabilities of $4.87bn, net assets of $146.1m. It reported 22,493 employees.