Florida Hospital Ocala Inc

Analysis

Florida Hospital Ocala Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2022, Florida Hospital Ocala Inc reported income of $402.7m and spending of $413.7m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $300.7m to $402.7m (+34%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Hospital Ocala Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include University Healthcare Alliance ($401.1m), Johns Hopkins University ($421.3m) and Eastern Maine Healthcare Systems ($395.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.8m (0.9% of expenses). Other salaries and wages came to $120.1m. At year end it held assets of $300.1m against liabilities of $164.8m, net assets of $135.2m. It reported 2,479 employees.