HOAG MEMORIAL HOSPITAL PRESBYTERIAN
1 HOAG DR, NEWPORT BEACH, CA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $2,118,202,627 | $1,828,685,559 | $3,373,182,825 |
| FY2023 | $1,843,487,493 | $1,685,137,356 | $3,050,596,161 |
| FY2022 | $1,646,507,596 | $1,600,684,848 | $2,806,847,898 |
| FY2021 | $1,413,678,728 | $1,292,872,068 | $2,994,028,088 |
| FY2020 | $1,260,756,352 | $1,201,558,471 | $2,650,316,611 |
| FY2019 | $1,201,875,688 | $1,137,789,316 | $2,527,689,361 |
| FY2018 | $1,126,568,711 | $1,062,067,809 | $2,195,674,965 |
| FY2017 | $572,169,399 | $502,964,034 | $2,310,676,270 |
| FY2016 | $1,006,686,292 | $879,000,193 | $1,966,320,335 |
| FY2015 | $962,510,370 | $844,356,951 | $1,884,184,742 |
| FY2014 | $694,540,114 | $609,637,227 | $1,788,337,228 |
| FY2013 | $912,717,752 | $824,658,627 | $1,643,359,749 |
| FY2012 | $871,264,787 | $791,559,972 | $1,446,280,012 |
| FY2011 | $858,025,370 | $831,014,882 | $1,293,093,119 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $47,901,603 | 3% |
| Program service revenue | $1,846,426,780 | 97% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,335,388,112 | 73% |
| Management & general | $493,297,447 | 27% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 97% of total revenue in FY2024.
- Program services accounted for 73% of functional expenses, management & general 27%, and fundraising 0%.
- 73% of functional expenses went to program services in FY2024. That is higher than 14.3% of 378 Health Care organizations in CA.
- Net assets covered about 22.1 months of expenses at the end of the reporting year. That puts it in the 67th percentile among 1696 Health Care organizations in CA.
- Total revenue was higher than 99.1% of 1757 Health Care organizations in CA.
- Total revenue rose from $858,025,370 in FY2011 to $2,118,202,627 in FY2024, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $1,293,093,119 to $3,373,182,825 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
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
OUR MISSION AS A NOT-FOR-PROFIT, FAITH- BASED HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY HEALTHCARE SERVICES TO THE COMMUNITIES WE SERVE.
IRS status
| Ruling year | 1954 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in CA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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