USC Health System

Tax-deductible

Los Angeles, CA501(c)(3)Since 2019Health CareEIN 85-0666499Revenue $13.1M in FY2025

On file with the IRS1510 San Pablo Street, 90033-5320 · Los Angeles, CATax-exempt since Nov 2020Supporting org, Type I — 509(a)(3)

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $128.4M a year · 1055% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Named funders
1
named funder · $8.9M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$786.3M
352% of total assets
Concern: liabilities are 352% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 12 voting members
Looks good: 8 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.1M
+35% vs prior year
Spent
$41.6M
Net assets
−$563.0M
By yearFY2020–FY2025
Revenue
$13.1M
FY2025▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$3.1M
FY2023$22.7M
FY2024$9.7M
FY2025$13.1M
Expenses
$41.6M
FY2025▲ +142%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$199.8M
FY2023$303.9M
FY2024$17.2M
FY2025$41.6M
Net assets
−$563.0M
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022−$27.0M
FY2023−$457.2M
FY2024−$543.1M
FY2025−$563.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
University President
$0Pt VII · Sec A
SVP, Health Affairs
$0Pt VII · Sec A
Director/CEO & President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chief Clinical Officer
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
See USC Health System executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

USC Health System is a health care supporting organization based in Los Angeles, CA, formed in 2019.

Questions for USC Health System

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Provided by the organization

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1 program · $118.5M · in their own filed words · FY2024
01

The corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the nonprofit public benefit corporation law for public and charitable purposes.

$118.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8.9M

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$13.1M
Ln 12
Gifts and grantsLn 1h$8.9M
Fees for servicesLn 2g$4.3M
Money outPt IX
$41.6M
Ln 25
Owns and owesPt X
−$563.0M
net assets · Ln 32
Total assetsLn 16$223.3M
LiabilitiesLn 26$786.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.9M
Fees for servicesLn 2g$4.3M
Gains on assetsLn 7$0
Total revenueLn 12$13.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$38.2M
Other assetsLn 15$164.8M
Total assetsLn 16$223.3M
LiabilitiesLn 26$786.3M
Net assetsLn 32−$563.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$1.6M$0
Land, buildings, equipmentLn 10c$35.2M$38.2M
Total assetsLn 16$160.9M$223.3M
LiabilitiesLn 26$704.0M$786.3M
Net assetsLn 32−$543.1M−$563.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$8.1M$8.1M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$119.4M$34.4M$85.1M
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$57.8M$18.1M$39.6M
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$21.2M$21.2M
Accounting feesLn 11c$15.6M$10.7M$4.9M
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$52.3M$17.3M$35.0M
Advertising and promotionLn 12$14.6M$14.6M
Office expensesLn 13$1.3M$6K$1.3M
Information technologyLn 14$1.6M$1.2M$384K
RoyaltiesLn 15$0
OccupancyLn 16$2.1M$1.2M$949K
TravelLn 17$990K$79K$911K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$52K$52K
Payments to affiliatesLn 21$15.5M$15.5M
Depreciation, depletion and amortizationLn 22$16.3M$7.8M$8.5M
InsuranceLn 23−$556K−$556K
Other expenses (24a–d)Ln 24$43.6M$25.3M$18.2M
All other expensesLn 24e−$328.2M$2.5M−$330.6M
Total functional expensesLn 25$41.6M$118.5M−$76.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $13.1M$41.6M−$28.5M−$563.0M 990 PDF
FY2024 $9.7M$17.2M−$7.4M−$543.1M 990 PDF
FY2023 $22.7M$303.9M−$281.1M−$457.2M 990 PDF
FY2022 $3.1M$199.8M−$196.7M−$27.0M 990 PDF
FY2021 $0$0 990 PDF
FY2020 $0$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $13,144,449 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,081,313$8,859,646
I-9 Program service revenuePrior year $8,618,332$4,284,803
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $49,024$0
I-12 Total revenuePrior year $9,748,669$13,144,449
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $144,230,059$185,319,139
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year −$127,060,695−$143,692,125
I-18 Total expensesPrior year $17,169,364$41,627,014
I-19 Revenue less expensesPrior year −$7,420,695−$28,482,565
Part VI · Governance 8 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $13,144,449 across 10 lines filed
VIII-1d Related organizations$8,859,646
VIII-1f All other contributions, gifts and grants$0
VIII-1h Total contributions, gifts and grants$8,859,646
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,284,803 · Unrelated business $0 · Excluded from tax $0$4,284,803
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $4,284,803 · Unrelated business $0 · Excluded from tax $0$13,144,449
Part IX · Statement of functional expenses $41,627,014 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $8,136,530$8,136,530
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $34,377,782 · Management $85,050,083$119,427,865
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $18,136,178 · Management $39,618,566$57,754,744
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $21,178,523$21,178,523
IX-11c Accounting feesPrograms $10,670,936 · Management $4,905,822$15,576,758
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $17,272,513 · Management $35,027,448$52,299,961
IX-12 Advertising and promotionManagement $14,586,531$14,586,531
IX-13 Office expensesPrograms $5,999 · Management $1,307,993$1,313,992
IX-14 Information technologyPrograms $1,168,320 · Management $384,144$1,552,464
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,166,705 · Management $948,588$2,115,293
IX-17 TravelPrograms $79,465 · Management $910,964$990,429
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $51,735$51,735
IX-21 Payments to affiliatesManagement $15,508,230$15,508,230
IX-22 Depreciation, depletion and amortizationPrograms $7,837,494 · Management $8,468,135$16,305,629
IX-23 InsuranceManagement −$556,001−$556,001
IX-24 Other expenses (24a–d)Programs $25,325,495 · Management $18,238,865$43,564,360
IX-24e All other expensesPrograms $2,457,368 · Management −$330,637,397−$328,180,029
IX-25 Total functional expensesPrograms $118,498,255 · Management −$76,871,241 · Fundraising $0$41,627,014
Part X · Balance sheet $223,297,403 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$4,484,997
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $2,480,461$1,709,714
X-9 Prepaid expenses and deferred chargesStart of year $9,868,969$14,095,392
X-10c Land, buildings and equipment, netStart of year $35,193,731$38,197,377
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $1,615,233$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $111,749,771$164,809,923
X-16 Total assetsStart of year $160,908,165$223,297,403
X-17 Accounts payable and accrued expensesStart of year $93,068,155$193,812,600
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $610,977,558$592,500,812
X-26 Total liabilitiesStart of year $704,045,713$786,313,412
X-27 Net assets without donor restrictionsStart of year −$548,298,653−$574,624,383
X-28 Net assets with donor restrictionsStart of year $5,161,105$11,608,374
X-32 Total net assets or fund balancesStart of year −$543,137,548−$563,016,009
X-33 Total liabilities and net assetsStart of year $160,908,165$223,297,403
Part XI · Reconciliation of net assets −$563,016,009 net assets at year end
XI-1 Total revenue$13,144,449
XI-2 Total expenses$41,627,014
XI-3 Revenue less expenses−$28,482,565
XI-4 Net assets at start of year−$543,137,548
XI-9 Other changes in net assets$8,604,104
XI-10 Net assets at end of year−$563,016,009

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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