Southwest Louisiana Hospital Association Foundation Inc

Analysis

Southwest Louisiana Hospital Association Foundation Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Southwest Louisiana Hospital Association Foundation Inc reported income of $445k and spending of $744k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $445k (+168%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 334%. Over the whole period it spent 143% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southwest Louisiana Hospital Association Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Hanson House Foundation Inc ($445k), Fresh Hope Inc ($445k) and Lanai Kinaole Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Other salaries and wages came to $302k. At year end it held assets of $3.9m against liabilities of $3.8m, net assets of $75k.

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.