HOAG HOSPITAL FOUNDATION
330 PLACENTIA AVE, NEWPORT BEACH, CA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $157,937,802 | $51,652,434 | $730,555,445 |
| FY2023 | $112,948,082 | $50,247,050 | $609,479,738 |
| FY2022 | $43,002,719 | $57,501,484 | $522,287,367 |
| FY2021 | $185,764,932 | $44,756,504 | $566,708,452 |
| FY2020 | $106,002,316 | $41,070,882 | $417,674,693 |
| FY2019 | $67,350,136 | $30,768,647 | $328,566,054 |
| FY2018 | $46,856,522 | $32,235,119 | $279,334,642 |
| FY2017 | $43,762,516 | $13,026,880 | $258,850,193 |
| FY2016 | $48,402,120 | $23,662,932 | $215,386,045 |
| FY2015 | $45,693,591 | $24,035,679 | $201,031,992 |
| FY2014 | $26,959,780 | $19,391,546 | $182,773,403 |
| FY2013 | $17,669,245 | $21,606,549 | $167,999,292 |
| FY2012 | $28,024,300 | $38,100,378 | $164,300,404 |
| FY2011 | $25,513,307 | $30,439,764 | $163,987,205 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $132,574,961 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $29,333,389 | 57% |
| Management & general | $5,572,804 | 11% |
| Fundraising | $16,746,241 | 32% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2024.
- Program services accounted for 57% of functional expenses, management & general 11%, and fundraising 32%.
- 57% of functional expenses went to program services in FY2024. That is higher than 2.9% of 378 Health Care organizations in CA.
- Net assets covered about 169.7 months of expenses at the end of the reporting year. That puts it in the 92nd percentile among 1696 Health Care organizations in CA.
- Total revenue was higher than 93.3% of 1757 Health Care organizations in CA.
- Total revenue rose from $25,513,307 in FY2011 to $157,937,802 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2011, FY2012, FY2013, FY2022).
- The highest revenue on record here is $185,764,932 in FY2021.
- Net assets grew from $163,987,205 to $730,555,445 between FY2011 and FY2024.
- Contributions and grants made up 78% of revenue in FY2011 and 84% in 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
THE MISSION OF HOAG HOSPITAL FOUNDATION IS ADVANCING THE MISSION OF HOAG MEMORIAL HOSPITAL PRESBYTERIAN THROUGH MEANINGFUL AND INSPIRATIONAL PHILANTHROPIC PARTNERSHIPS.
IRS status
| Ruling year | 1978 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E112 — 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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