Uofl Health-Louisville Inc

Analysis

Uofl Health-Louisville Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2020, 6 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, Uofl Health-Louisville Inc reported income of $1.25bn and spending of $1.18bn, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $539.0m to $1.25bn (+131%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Uofl Health-Louisville Inc 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 KY. Charities of a similar size with the same main cause include Community Behavorial Health ($1.24bn), St Charles Health System Inc ($1.25bn) and Texas Health Harris Methodist Hospital Fort Worth ($1.23bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 91% of the total. Other salaries and wages came to $364.5m. At year end it held assets of $905.3m against liabilities of $878.4m, net assets of $26.9m.