Lester E Cox Medical Center

Analysis

Lester E Cox Medical Center is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in August 1944, 82 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 September 2023, Lester E Cox Medical Center reported income of $1.64bn and spending of $1.61bn, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.23bn to $1.64bn (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2021, when income rose by 17%. 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, Lester E Cox Medical Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MO. Charities of a similar size with the same main cause include St Lukes Roosevelt Hospital Center ($1.63bn), Adventist Health System Sunbelt Healthcare Corporation ($1.64bn) and Maimonides Medical Center- ($1.62bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.4m (0.2% of expenses). Other salaries and wages came to $548.6m. At year end it held assets of $1.93bn against liabilities of $758.2m, net assets of $1.17bn. It reported 12,713 employees.