Our Lady of the Angels Hospital Inc

Analysis

Our Lady of the Angels Hospital Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Our Lady of the Angels Hospital Inc reported income of $75.4m and spending of $79.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $74.7m to $75.4m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of the Angels Hospital Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include North Suffolk Community Services Inc ($75.4m), Acts Retirement Services Inc ($75.4m) and Unity Family Healthcare ($75.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $446k (0.6% of expenses). Other salaries and wages came to $30.1m. At year end it held assets of $52.0m against liabilities of $15.4m, net assets of $36.6m. It reported 589 employees.