Louisiana State University of Medicine in New Orleans

Analysis

Louisiana State University of Medicine in New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Louisiana State University of Medicine in New Orleans reported income of $168.1m and spending of $159.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $215.4m to $168.1m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Louisiana State University of Medicine in New Orleans sits at the 96th percentile: it is larger than about 96% 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 Montefiore New Rochelle Hospital ($167.9m), Methodist Medical Center ($169.1m) and Unity Health Care Inc ($167.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $187k (0.1% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $110.4m against liabilities of $36.3m, net assets of $74.1m. It reported 202 employees.