Fort Loudoun Medical Center

Analysis

Fort Loudoun Medical Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 1990, 36 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, Fort Loudoun Medical Center reported income of $47.9m and spending of $43.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.1m to $47.9m (+29%), an average of +6.6% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fort Loudoun Medical Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include The V Foundation ($47.8m), Five Rivers Health Centers ($47.9m) and Memorial Health Care Systems ($47.8m).

On its Form 990 for the period ending December 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 $189k (0.4% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $24.7m against liabilities of $4.4m, net assets of $20.3m. It reported 380 employees.