Louisiana Childrens Medical Center

Analysis

Louisiana Childrens Medical Center is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2009, 17 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 December 2022, Louisiana Childrens Medical Center reported income of $505.4m and spending of $530.3m, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $382.7m to $505.4m (+32%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Louisiana Childrens Medical Center sits at the 98th percentile: it is larger than about 98% of them. 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 Central Maine Medical Center ($505.4m), St Marys Medical Center ($506.4m) and St Vincents Birmingham ($504.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $12.6m (2.4% of expenses). Other salaries and wages came to $139.8m. At year end it held assets of $3.12bn against liabilities of $1.43bn, net assets of $1.69bn. It reported 2,865 employees.