Florida Health Sciences Center Inc

Analysis

Florida Health Sciences Center Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 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, Florida Health Sciences Center Inc reported income of $2.36bn and spending of $2.17bn, spending 92% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $1.42bn to $2.36bn (+66%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Florida Health Sciences Center 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 Grady Memorial Hospital Corporation ($2.36bn), Boston Medical Center Corporation ($2.38bn) and VNS Choice ($2.34bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $10.2m (0.5% of expenses). Other salaries and wages came to $703.7m. At year end it held assets of $3.59bn against liabilities of $1.90bn, net assets of $1.69bn. It reported 10,787 employees.