H Lee Moffitt Cancer Center and Research Institute Inc

Analysis

H Lee Moffitt Cancer Center and Research Institute Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, H Lee Moffitt Cancer Center and Research Institute Inc reported income of $310.1m and spending of $301.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $188.5m to $310.1m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, H Lee Moffitt Cancer Center and Research Institute 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 Penn State Health Holy Spirit Medical Center ($309.8m), Ephrata Community Hospital ($310.1m) and Northwest Hospital Center Inc ($308.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $12.5m (4.1% of expenses). Other salaries and wages came to $146.1m. At year end it held assets of $2.42bn against liabilities of $1.19bn, net assets of $1.23bn. It reported 3,204 employees.