Lakeland Regional Health Systems Inc

Analysis

Lakeland Regional Health Systems Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lakeland Regional Health Systems Inc reported income of $101.1m and spending of $173.3m, spending 171% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $70.1m to $101.1m (+44%), an average of +9.6% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 166% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeland Regional Health Systems Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include North Country Hospital & Health Center,inc ($101.1m), Physicians Organization at Childrens Hospital Inc ($101.2m) and Upper Midwest Organ Procurement Organization Inc ($100.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $119.0m. At year end it held assets of $695.4m against liabilities of $125.2m, net assets of $570.2m. It reported 1,060 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.