Leconte Medical Center

Analysis

Leconte Medical Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in December 1981, 45 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 December 2023, Leconte Medical Center reported income of $149.9m and spending of $123.9m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $121.9m to $149.9m (+23%), an average of +5.3% a year. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Leconte Medical Center 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 100th percentile within TN. Charities of a similar size with the same main cause include Centerstone of Tennessee Inc ($149.7m), Dell Childrens Medical Group ($150.1m) and Genesis Health System ($149.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $471k (0.4% of expenses). Other salaries and wages came to $27.3m. At year end it held assets of $96.0m against liabilities of $8.9m, net assets of $87.1m. It reported 671 employees.