Lake Regional Health System

Analysis

Lake Regional Health System is a registered charity in United States, based in Osage Beach, MO. It received its IRS tax-exemption ruling in February 1974, 52 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 April 2023, Lake Regional Health System reported income of $240.4m and spending of $236.0m, spending 98% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $185.0m to $240.4m (+30%), an average of +6.8% a year. The sharpest change came in the year to April 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Regional Health System sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Piedmont Rockdale Hospital Inc ($239.9m), Allen Institute ($240.4m) and Glen Cove Hospital ($239.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.4m (1.0% of expenses). Other salaries and wages came to $85.0m. At year end it held assets of $251.0m against liabilities of $90.7m, net assets of $160.3m. It reported 1,885 employees.