Our Lady of the Lake Assumption Community Hospital Inc

Analysis

Our Lady of the Lake Assumption Community Hospital Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in January 1972, 54 years ago. 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 Assumption Community Hospital Inc reported income of $11.9m and spending of $8.9m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $11.9m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of the Lake Assumption Community Hospital Inc 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 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Star of Hope Activity Center Inc ($11.9m), United Indians of All Tribes Foundation ($11.9m) and Midpen Property Management Corporation ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $273k (3.1% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $25.4m against liabilities of $3.0m, net assets of $22.4m. It reported 60 employees.