Lexington Medical Center

Analysis

Lexington Medical Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1954, 72 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, Lexington Medical Center reported income of $153.3m and spending of $135.6m, spending 88% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $119.7m to $153.3m (+28%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lexington Medical Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Community Care Network Inc ($152.9m), Tidalhealth Nanticoke Inc ($153.6m) and The Feinstein Institute for Medical Research ($152.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $872k (0.6% of expenses). Other salaries and wages came to $49.6m. At year end it held assets of $182.3m against liabilities of $5.2m, net assets of $177.1m.