Lafayette General Health System Inc

Analysis

Lafayette General Health System Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in December 2002, 24 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, Lafayette General Health System Inc reported income of $258.3m and spending of $252.0m, spending 98% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $135.3m to $258.3m (+91%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 371%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lafayette General Health System Inc 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 LA. Charities of a similar size with the same main cause include Aurora Health Care Inc ($258.2m), Childrens Specialty Group Inc ($258.6m) and Deborah Heart & Lung Center ($258.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 28% of the total. Other salaries and wages came to $50.2m. At year end it held assets of $1.19bn against liabilities of $778.6m, net assets of $411.1m.