Lakeland Regional Medical Center Foundation Inc

Analysis

Lakeland Regional Medical Center Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lakeland Regional Medical Center Foundation Inc reported income of $4.0m and spending of $5.3m, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.0m to $4.0m (-33%), an average of -9.6% a year. The sharpest change came in the year to September 2021, when income rose by 357%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeland Regional Medical Center Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Mission Dental Inc ($4.0m), House Next Door Inc ($4.0m) and Solvera Healthcare Center Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $554k. At year end it held assets of $42.6m against liabilities of $85k, net assets of $42.5m.