South Lake Hospital Inc

Analysis

South Lake Hospital Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in May 1997, 29 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 September 2023, South Lake Hospital Inc reported income of $395.9m and spending of $335.0m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $289.7m to $395.9m (+37%), an average of +8.1% a year. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Lake Hospital 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 St Mary Medical Center ($395.7m), RWJBH Medical Group PC ($397.0m) and Methodist Healthcare Ministries of South Texas Inc ($394.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $848k (0.3% of expenses). Other salaries and wages came to $114.2m. At year end it held assets of $663.4m against liabilities of $81.4m, net assets of $582.0m. It reported 1,891 employees.