Torrance Health Association Inc
23326 Hawthorne Blvd Ste 300, Torrance, CA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $351,870,496 | $381,551,782 | $49,090,263 |
| FY2024 | $301,059,163 | $331,162,530 | $47,772,681 |
| FY2023 | $280,618,946 | $302,193,919 | $22,050,756 |
| FY2022 | $242,475,878 | $274,370,665 | $18,945,789 |
| FY2021 | $225,041,407 | $246,504,158 | $19,336,032 |
| FY2020 | $190,486,270 | $210,083,346 | -$2,186,997 |
| FY2019 | $185,733,934 | $206,839,031 | -$7,974,438 |
| FY2018 | $90,697,286 | $99,732,826 | -$4,677,816 |
| FY2017 | $168,623,124 | $187,734,646 | $34,353,556 |
| FY2016 | $149,643,095 | $160,191,181 | $43,431,542 |
| FY2015 | $138,266,183 | $149,605,320 | $52,544,572 |
| FY2014 | $128,318,478 | $135,422,512 | $64,057,211 |
| FY2013 | $93,384,875 | $101,264,372 | $72,391,860 |
| FY2012 | $63,615,573 | $67,418,044 | $76,160,838 |
Form 990 filings
The returns filed by Torrance Health Association Inc (EIN 33-0073515), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $25,000 | <1% |
| Program service revenue | $347,864,601 | 99% |
| Other revenue | $3,980,895 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $361,965,061 | 95% |
| Management & general | $19,586,721 | 5% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2025.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2025. That is higher than 89.2% of 380 Health Care organizations in CA.
- Net assets covered about 1.5 months of expenses at the end of the reporting year. That puts it in the 15th percentile among 1698 Health Care organizations in CA.
- Total revenue was higher than 95.2% of 1759 Health Care organizations in CA.
- Total revenue rose from $63,615,573 in FY2012 to $351,870,496 in FY2025. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets declined from $76,160,838 to $49,090,263 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TORRANCE HEALTH ASSOCIATION (THA) SUPPORTS TORRANCE MEMORIAL MEDICAL CENTER (TMMC) AND ITS CHARITABLE MISSION OF PROVIDING HEALTH SERVICES TO THE COMMUNITY OF TORRANCE, CA AND SURROUNDING AREAS.
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — Health Care (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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