Lake Pointe Operating Company LLC

Analysis

Lake Pointe Operating Company LLC is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2019, 7 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 June 2023, Lake Pointe Operating Company LLC reported income of $275.4m and spending of $226.6m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.7m to $275.4m (+828%), an average of +74% a year. The sharpest change came in the year to June 2020, when income rose by 511%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Pointe Operating Company LLC 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 100th percentile within TX. Charities of a similar size with the same main cause include Faith Regional Health Services ($275.3m), St Catherine of Siena Medical Center ($275.6m) and Community Blood Center ($274.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.0m (0.9% of expenses). Other salaries and wages came to $75.6m. At year end it held assets of $459.3m against liabilities of $57.2m, net assets of $402.1m. It reported 1,173 employees.