University Community Hospital Inc

Analysis

University Community Hospital Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1966, 60 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, University Community Hospital Inc reported income of $1.13bn and spending of $1.11bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $761.9m to $1.13bn (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Community Hospital Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 World Federation of Hemophilia USA ($1.13bn), Inspira Medical Centers Inc ($1.13bn) and Centra Health Inc ($1.13bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $7.2m (0.7% of expenses). Other salaries and wages came to $318.7m. At year end it held assets of $1.15bn against liabilities of $532.7m, net assets of $616.3m. It reported 7,271 employees.