Our Lady of Lourdes Regional Medical Center Inc

Analysis

Our Lady of Lourdes Regional Medical Center Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Our Lady of Lourdes Regional Medical Center Inc reported income of $577.7m and spending of $525.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $336.5m to $577.7m (+72%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Our Lady of Lourdes Regional Medical Center Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Prohealth Waukesha Memorial Hospital Inc ($577.3m), National Marrow Donor Program ($578.0m) and The Carle Foundation ($575.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.5m (0.3% of expenses). Other salaries and wages came to $183.0m. At year end it held assets of $598.1m against liabilities of $362.2m, net assets of $236.0m. It reported 3,467 employees.