Lubbock Heritage Hospital LLC

Analysis

Lubbock Heritage Hospital LLC is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in July 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 December 2023, Lubbock Heritage Hospital LLC reported income of $90.0m and spending of $102.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68.6m to $90.0m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lubbock Heritage Hospital LLC sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Georgetown Hospital System ($89.9m), American Board of Internal Medicine ($90.0m) and Advocates for a Healthy Community Inc ($89.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $428k (0.4% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $246.4m against liabilities of $168.9m, net assets of $77.5m. It reported 277 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.