MARTIN LUTHER KING JR-LOS ANGELES HEALTHCARE CORPORATION

MARTIN LUTHER KING JR-LOS ANGELES HEALTHCARE CORPORATION

LOS ANGELES, CA, US
501(c)(3)
EIN
27-4658935
Hospital

MARTIN LUTHER KING JR-LOS ANGELES HEALTHCARE CORPORATION

LOS ANGELES, CA, US
501(c)(3)
EIN
27-4658935
Hospital

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$409,840,535

Program Services
89%
Government Grants
9%
Other
2%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$418,930,930

Salaries & Benefits
37%
Fees to Service Providers
33%
Other
14%
Offices, Occupancy & IT
6%
Depreciation
5%
Interest
4%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$328,875
$257,869
-22%
Government Grants
$18,885,270
$35,087,624
+86%
Fundraising Events
$0
$0
-
Program Services
$344,029,793
$363,880,471
+6%
Membership Dues
$0
$0
-
Investments
$2,897,420
$1,954,084
-33%
Other
$11,627,141
$8,660,487
-26%
Total Revenues
$377,768,499
$409,840,535
+8%
Expenses
2023
2024
Change
Grants
$6,715,536
$3,404,217
-49%
Benefits to Members
$0
$0
-
Salaries & Benefits
$142,021,757
$156,947,976
+11%
Fees to Service Providers
$148,246,261
$137,574,572
-7%
Advertising & Promotion
$1,151,151
$417,124
-64%
Offices, Occupancy & IT
$23,417,014
$24,456,696
+4%
Interest
$16,959,754
$16,830,986
-1%
Depreciation
$19,229,142
$19,131,925
-1%
Other
$54,830,107
$60,167,434
+10%
Total Expenses
$412,570,722
$418,930,930
+2%
Net income
2023
2024
Change
Net income
-$34,802,223
-$9,090,395
+74%
Functional Expenses
Summary
2023
2024
Change
Program
$386,838,801
$392,551,340
+1%
Admin
$25,731,921
$26,379,590
+3%
Fundraising
$0
$0
-
Total Expenses
$412,570,722
$418,930,930
+2%
Income Statement
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