Lafayette General Medical Center Inc

Analysis

Lafayette General Medical Center Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in April 1961, 65 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 2023, Lafayette General Medical Center Inc reported income of $681.9m and spending of $632.5m, spending 93% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $559.0m to $681.9m (+22%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 298%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lafayette General 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 Anmed Health ($681.6m), Faculty Physicians and Surgeons of Llusm ($685.4m) and Aspirus Wausau Hospital Inc ($681.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $205.2m. At year end it held assets of $709.0m against liabilities of $48.0m, net assets of $661.1m.