Lakeland Community Hospital Inc

Analysis

Lakeland Community Hospital Inc is a registered charity in United States, based in Haleyville, AL. 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, Lakeland Community Hospital Inc reported income of $19.9m and spending of $22.1m, spending 111% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $16.0m to $19.9m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income rose by 60%. 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, Lakeland Community Hospital Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Lower Lights Christian Health Center Inc ($19.9m), Crisis Connections ($19.9m) and Caromont Health Services Inc ($19.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $334k (1.5% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $10.3m against liabilities of $3.1m, net assets of $7.2m. It reported 290 employees.