LA Paz Regional Hospital

Analysis

LA Paz Regional Hospital is a registered charity in United States, based in Parker, AZ. It received its IRS tax-exemption ruling in December 2000, 26 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 September 2023, LA Paz Regional Hospital reported income of $39.8m and spending of $37.6m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $32.1m to $39.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, LA Paz Regional Hospital sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Covenant Hospital Hobbs ($39.8m), Newark Community Health Centers Inc ($39.8m) and St Clare Memorial Hospital Inc ($39.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $649k (1.7% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $34.6m against liabilities of $4.1m, net assets of $30.4m. It reported 320 employees.