Lakeview Medical Center Inc of Rice Lake

Analysis

Lakeview Medical Center Inc of Rice Lake is a registered charity in United States, based in Marshfield, WI. It received its IRS tax-exemption ruling in April 1976, 50 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, Lakeview Medical Center Inc of Rice Lake reported income of $152.6m and spending of $147.6m, spending 97% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $143.3m to $152.6m (+6.5%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 273%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeview Medical Center Inc of Rice Lake sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Beth Israel Deaconess Hospital- Milton Inc ($152.1m), The Feinstein Institute for Medical Research ($152.8m) and Hutchinson Regional Medical Center Inc ($152.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $51.9m. At year end it held assets of $100.2m against liabilities of $40.1m, net assets of $60.1m.