H Lee Moffitt Cancer Center And Research Institute Hospital Inc: $2.0B Revenue, $1.3B Program Expenses
Tampa, Florida · EIN 593238634 · Filing year 2023
H Lee Moffitt Cancer Center And Research Institute Hospital Inc reported $2.0B in total revenue, $1.6B in total expenses, and $392.8M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($1.3B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (77/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $2.0B
- Total Expenses
- $1.6B
- Program Expenses
- $1.3B
- Program Expense Ratio
- 78.0%
- Total Assets
- $392.8M
- Reserve Months
- 2.9 months
- EIN
- 593238634
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
H Lee Moffitt Cancer Center And Research Institute Hospital Inc grades a B on the nonprofit efficiency rubric. 77/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
H Lee Moffitt Cancer Center And Research Institute Hospital Inc operates at corporate scale — $2.0B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). H Lee Moffitt Cancer Center And Research Institute Hospital Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Five-year revenue trajectory is strongly positive: H Lee Moffitt Cancer Center And Research Institute Hospital Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. H Lee Moffitt Cancer Center And Research Institute Hospital Inc is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. Revenue-to-program ratios in this category often look different from smaller-program nonprofits because the underlying operations are capital-intensive.
How H Lee Moffitt Cancer Center And Research Institute Hospital Inc Compares
H Lee Moffitt Cancer Center And Research Institute Hospital Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 77/100 is 4 points below the Health category average. The organization holds 2.9 months of operating reserves, which is below the recommended 3-month minimum.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to H Lee Moffitt Cancer Center And Research Institute Hospital Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
H Lee Moffitt Cancer Center And Research Institute Hospital Inc has an Efficiency Score of B (77/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
H Lee Moffitt Cancer Center And Research Institute Hospital Inc, Donor FAQ
H Lee Moffitt Cancer Center And Research Institute Hospital Inc has an Efficiency Score of B (77/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for H Lee Moffitt Cancer Center And Research Institute Hospital Inc is not reported in the most recent IRS 990 filing on file.
H Lee Moffitt Cancer Center And Research Institute Hospital Inc reported $2.0B in annual revenue and $1.6B in total expenses for filing year 2023. The organization holds $392.8M in total assets.
For every dollar donated to H Lee Moffitt Cancer Center And Research Institute Hospital Inc, approximately 78.0 cents goes to program activities. The organization has 2.9 months of operating reserves, providing financial stability to sustain its mission.
H Lee Moffitt Cancer Center And Research Institute Hospital Inc is a registered 501(c) organization with EIN 593238634, based in Tampa, Florida. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.