Lafourche Parish Hospital Service District No 1

Analysis

Lafourche Parish Hospital Service District No 1 is a registered charity in United States, based in Cut Off, LA. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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 June 2023, Lafourche Parish Hospital Service District No 1 reported income of $37.5m and spending of $26.6m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.1m to $37.5m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lafourche Parish Hospital Service District No 1 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 98th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Jamaica Hospital Nursing Home Inc ($37.4m), Norwell Visiting Nurse Assoc Inc ($37.5m) and Somerville-Cambridge Elder Services Incorporated ($37.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $789k (3.0% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $84.5m against liabilities of $33.5m, net assets of $51.0m. It reported 253 employees.