Laird Hospital Inc

Analysis

Laird Hospital Inc is a registered charity in United States, based in Union, MS. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Laird Hospital Inc reported income of $35.5m and spending of $34.3m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $29.7m to $35.5m (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Laird Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include Hot Springs County Hospital Dist ($35.5m), Community Medical Center Inc ($35.5m) and Childrens Health Council Inc ($35.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Other salaries and wages came to $14.9m. At year end it held assets of $14.6m against liabilities of $12.8m, net assets of $1.7m. It reported 317 employees.