Florida Hospital Waterman Inc

Analysis

Florida Hospital Waterman Inc is a registered charity in United States, based in Tavares, FL. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florida Hospital Waterman Inc reported income of $427.1m and spending of $392.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285.7m to $427.1m (+49%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Florida Hospital Waterman 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 Mount Sinai Hospital Medical Center ($426.4m), Rehabilitation Institute of Chicago ($427.3m) and Flushing Hospital & Medical Center ($426.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.3m (0.9% of expenses). Other salaries and wages came to $112.4m. At year end it held assets of $637.6m against liabilities of $123.3m, net assets of $514.3m. It reported 2,638 employees.