H Lee Moffitt Cancer Ctr & Res Inst Life Time Cancer SCRN Ctr Inc

Analysis

H Lee Moffitt Cancer Ctr & Res Inst Life Time Cancer SCRN Ctr 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 diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 Ctr & Res Inst Life Time Cancer SCRN Ctr Inc reported income of $134.3m and spending of $296.5m, spending 221% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $97.7m to $134.3m (+38%), an average of +8.3% a year. Over the whole period it spent 210% 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 Ctr & Res Inst Life Time Cancer SCRN Ctr Inc sits at the 96th percentile: it is larger than about 96% 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 Childrens Hospital of Wisconsin Foundation Inc ($134.2m), Scott & White Hospital ($134.4m) and St Josephs Community Hospital of West Bend Inc ($133.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $6.7m (2.3% of expenses). Other salaries and wages came to $223.8m. At year end it held assets of $15.3m against liabilities of $18.1m, net assets of -$2.9m. It reported 1,178 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.