Lawrence Memorial Health Foundation

Analysis

Lawrence Memorial Health Foundation is a registered charity in United States, based in Walnut Ridge, AR. It received its IRS tax-exemption ruling in October 2019, 7 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 June 2023, Lawrence Memorial Health Foundation reported income of $21.5m and spending of $19.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $21.5m (+163%), an average of +27% a year. The sharpest change came in the year to June 2020, when income rose by 110%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lawrence Memorial Health Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include Pawhuska Hospital Inc ($21.5m), Pawnee Valley Community Hospital Inc ($21.5m) and Chi Memorial Hospital - Georgia ($21.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $85k (0.4% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $20.4m against liabilities of $2.8m, net assets of $17.6m. It reported 243 employees.