Leesburg Regional Medical Center Inc

Analysis

Leesburg Regional Medical Center Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in July 1962, 64 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, Leesburg Regional Medical Center Inc reported income of $263.1m and spending of $272.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $242.2m to $263.1m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Leesburg Regional Medical Center Inc sits at the 97th percentile: it is larger than about 97% 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 Visiting Nurse Service of New York Home Care II ($263.0m), Skaggs Community Hospital Association ($263.1m) and Adventist Midwest Health ($262.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $113.7m. At year end it held assets of $385.5m against liabilities of $65.9m, net assets of $319.6m. It reported 2,062 employees.