Touro Infirmary

Analysis

Touro Infirmary is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1936, 90 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 2022, Touro Infirmary reported income of $342.3m and spending of $350.8m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $306.7m to $342.3m (+12%), an average of +3.7% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Touro Infirmary sits at the 98th percentile: it is larger than about 98% 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 Lawrence General Hospital ($340.8m), Mennonite General Hospital Inc ($344.6m) and Bronson Battle Creek Hospital ($340.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.0% and program service revenue 94% of the total. Other salaries and wages came to $102.4m. At year end it held assets of $438.6m against liabilities of $172.3m, net assets of $266.3m. It reported 2,400 employees.