Our Lady of the Lake Hospital Inc

Analysis

Our Lady of the Lake Hospital 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Our Lady of the Lake Hospital Inc reported income of $1.68bn and spending of $1.59bn, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.37bn to $1.68bn (+23%), an average of +5.2% 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, Our Lady of the Lake Hospital 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 LA. Charities of a similar size with the same main cause include New York Society for the Relief of Ruptured & Crippled Maintaining ($1.68bn), Kaleida Health ($1.69bn) and Charleston Area Medical Center Inc ($1.68bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.1m (0.3% of expenses). Other salaries and wages came to $546.9m. At year end it held assets of $2.70bn against liabilities of $959.8m, net assets of $1.74bn. It reported 8,649 employees.