H Lee Moffitt Cancer Center and Research Institute Hospital Inc

Analysis

H Lee Moffitt Cancer Center and Research Institute Hospital Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, H Lee Moffitt Cancer Center and Research Institute Hospital Inc reported income of $2.02bn and spending of $1.62bn, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.26bn to $2.02bn (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 80% 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 Hospital Inc sits at the 100th 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 Northeast Georgia Medical Center Inc ($2.02bn), Cooper Health System a New Jersey Non-Profit Corporation ($2.04bn) and Sutter Valley Medical Foundation ($2.01bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.9m (0.2% of expenses). Other salaries and wages came to $426.8m. At year end it held assets of $392.8m against liabilities of $106.0m, net assets of $286.7m. It reported 5,471 employees.