Winter Haven Hospital Inc

Analysis

Winter Haven Hospital Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in September 1996, 30 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, Winter Haven Hospital Inc reported income of $440.8m and spending of $457.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $380.1m to $440.8m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Winter Haven Hospital Inc 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 FL. Charities of a similar size with the same main cause include Can Community Health Inc ($440.1m), Samaritan Hospital ($441.7m) and Union Memorial Hospital ($439.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $215k (0.0% of expenses). Other salaries and wages came to $177.5m. At year end it held assets of $382.0m against liabilities of $181.5m, net assets of $200.5m. It reported 2,638 employees.