Willis-Knighton Medical Center

Analysis

Willis-Knighton Medical Center is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in March 1952, 74 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, Willis-Knighton Medical Center reported income of $1.40bn and spending of $1.38bn, spending 99% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $1.17bn to $1.40bn (+19%), an average of +6.1% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Willis-Knighton Medical Center sits at the 99th 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 LA. Charities of a similar size with the same main cause include Texas Health Resources ($1.39bn), The Carle Foundation Hospital ($1.42bn) and Childrens Hospital Medical Center of Akron ($1.38bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $9.0m (0.6% of expenses). Other salaries and wages came to $416.0m. At year end it held assets of $2.47bn against liabilities of $916.2m, net assets of $1.56bn. It reported 8,183 employees.