Laureate Psychiatric Clinic and Hospital Inc

Analysis

Laureate Psychiatric Clinic and Hospital Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Laureate Psychiatric Clinic and Hospital Inc reported income of $50.3m and spending of $48.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.0m to $50.3m (+9.3%), an average of +2.2% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Laureate Psychiatric Clinic and Hospital Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Stonewall Jackson Memorial Hospital Company ($50.2m), Seattle Indian Health Board ($50.3m) and Cook Childrens Medical Center - Prosper ($50.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $178k (0.4% of expenses). Other salaries and wages came to $27.4m. At year end it held assets of $61.5m against liabilities of $5.5m, net assets of $56.0m. It reported 485 employees.