University Hospital & Clinics Inc

Analysis

University Hospital & Clinics Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in May 2015, 11 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, University Hospital & Clinics Inc reported income of $222.7m and spending of $202.4m, spending 91% of its income. Across the 5 years on record, from September 2019 to December 2023, income grew from $180.6m to $222.7m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 310%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Hospital & Clinics 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 United Cerebral Palsy of New York City Inc ($221.7m), Phoebe Physician Group Inc ($223.6m) and Northwest Iowa Hospital Corporation ($221.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Other salaries and wages came to $77.9m. At year end it held assets of $117.1m against liabilities of $143.6m, net assets of -$26.4m.