Tri-City Hospital Foundation

Analysis

Tri-City Hospital Foundation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in April 1966, 60 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 June 2023, Tri-City Hospital Foundation reported income of $2.2m and spending of $636k, leaving 71% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $756k to $2.2m (+185%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tri-City Hospital Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include SJ Management Company of Syracuse Inc ($2.2m), Midwest Refuah Health Center ($2.2m) and Fullcircle Program Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $6.9m against liabilities of $44k, net assets of $6.9m.