Ochsner Clinic Foundation

Analysis

Ochsner Clinic Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1944, 82 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, Ochsner Clinic Foundation reported income of $5.08bn and spending of $5.04bn, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.75bn to $5.08bn (+35%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ochsner Clinic Foundation 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 Montefiore Medical Center ($5.06bn), Kaiser Foundation Health Plan of the Northwest ($5.12bn) and Scan Health Plan ($4.94bn).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.3% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $40.1m (0.8% of expenses). Other salaries and wages came to $2.15bn. At year end it held assets of $6.05bn against liabilities of $3.57bn, net assets of $2.48bn. It reported 39,372 employees.