McLeod Health

Analysis

McLeod Health is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, McLeod Health reported income of $313.4m and spending of $316.8m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $222.0m to $313.4m (+41%), an average of +9.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLeod Health sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include Southern New Hampshire Medical Center ($313.2m), Nuvance Health ($313.6m) and Community Hospitals of Central California ($313.0m).

On its Form 990 for the period ending September 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 $4.8m (1.5% of expenses). Other salaries and wages came to $78.5m. At year end it held assets of $152.0m against liabilities of $209.0m, net assets of -$56.9m. It reported 1,371 employees.