Holy Cross Hospital Inc

Analysis

Holy Cross Hospital Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2023, Holy Cross Hospital Inc reported income of $632.6m and spending of $616.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $531.5m to $632.6m (+19%), an average of +4.5% a year. 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, Holy Cross Hospital Inc sits at the 99th percentile: it is larger than about 99% 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 MCV Associated Physicians ($632.3m), Scott & White Hospital Round Rock ($633.0m) and Kalispell Regional Medical Center Inc ($629.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.6m (0.7% of expenses). Other salaries and wages came to $250.5m. At year end it held assets of $478.6m against liabilities of $289.7m, net assets of $188.9m. It reported 3,891 employees.