Sky Lakes Medical Center Inc

Analysis

Sky Lakes Medical Center Inc is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in February 1967, 59 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, Sky Lakes Medical Center Inc reported income of $887.2m and spending of $885.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $679.9m to $887.2m (+30%), an average of +6.9% a year. 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, Sky Lakes Medical Center 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 OR. Charities of a similar size with the same main cause include Appalachian Regional Healthcare Inc ($882.9m), The Good Samaritan Hospital of Cincinnati Ohio DTD 01251995 ($889.2m) and University Medical Center Inc ($881.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.2m (0.2% of expenses). Other salaries and wages came to $139.9m. At year end it held assets of $473.0m against liabilities of $125.3m, net assets of $347.7m. It reported 1,931 employees.