Ochsner Lsu Health System of North Louisiana

Analysis

Ochsner Lsu Health System of North Louisiana is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in May 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, Ochsner Lsu Health System of North Louisiana reported income of $1.04bn and spending of $1.06bn, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $572.2m to $1.04bn (+82%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ochsner Lsu Health System of North Louisiana sits at the 99th 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 LA. Charities of a similar size with the same main cause include St Cloud Hospital ($1.04bn), HCR Manorcare Inc ($1.05bn) and University of Alabama Health Services Foundation PC ($1.04bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $250k (0.0% of expenses). Other salaries and wages came to $311.5m. At year end it held assets of $899.2m against liabilities of $785.1m, net assets of $114.1m. It reported 5,696 employees.