Virtua Our Lady of Lourdes Hospital Inc

Analysis

Virtua Our Lady of Lourdes Hospital Inc is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in March 1946, 80 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 2023, Virtua Our Lady of Lourdes Hospital Inc reported income of $485.1m and spending of $474.1m, spending 98% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $328.8m to $485.1m (+48%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virtua Our Lady of Lourdes Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Mount Nittany Medical Center ($482.1m), Sentara Health ($485.1m) and Mercy Hospital Fort Smith ($481.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.3m (0.3% of expenses). Other salaries and wages came to $129.1m. At year end it held assets of $301.6m against liabilities of $136.9m, net assets of $164.7m. It reported 2,319 employees.