Castle Medical Center

Analysis

Castle Medical Center is a registered charity in United States, based in Roseville, CA. It received its IRS tax-exemption ruling in January 1965, 61 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 2023, Castle Medical Center reported income of $244.2m and spending of $247.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $181.3m to $244.2m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Castle Medical Center sits at the 97th percentile: it is larger than about 97% 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 St Lukes - St Vincents Healthcareinc ($244.1m), Saint Lukes South Hospital Inc ($244.2m) and The Mary Lanning Memorial Hospital Association ($243.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Other salaries and wages came to $98.3m. At year end it held assets of $274.8m against liabilities of $104.0m, net assets of $170.7m. It reported 1,414 employees.