Leesburg Regional Medical Center Foundation Inc

Analysis

Leesburg Regional Medical Center Foundation Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 Foundation Inc reported income of $3.2m and spending of $426k, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.2m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 480%. Over the whole period it spent 31% 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 Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Virtua Home Care-Community Nursing Services Inc ($3.2m), Center for Women and Children in Crisis Incorporated ($3.2m) and Healthview CBWCHC Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $9.7m against liabilities of $151k, net assets of $9.6m.