McLeod Health
555 E Cheves St, Florence, SC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $399,579,390 | $401,431,177 | -$63,387,594 |
| FY2024 | $340,817,246 | $342,603,028 | -$57,595,651 |
| FY2023 | $313,376,956 | $316,769,499 | -$56,939,667 |
| FY2022 | $280,862,953 | $283,186,238 | -$57,052,976 |
| FY2021 | $254,765,554 | $254,272,149 | -$54,729,691 |
| FY2020 | $227,483,510 | $227,503,173 | -$55,223,096 |
| FY2019 | $222,028,771 | $217,039,536 | $110,687,292 |
| FY2018 | $196,512,111 | $198,121,802 | $105,698,057 |
| FY2017 | $184,300,418 | $181,679,609 | $107,307,748 |
| FY2016 | $165,520,708 | $164,643,265 | -$4,518,179 |
| FY2015 | $139,830,395 | $138,977,826 | -$5,395,622 |
| FY2014 | $125,648,871 | $123,776,365 | -$6,248,191 |
| FY2013 | $123,219,816 | $122,838,263 | -$8,120,697 |
| FY2012 | $103,504,835 | $106,412,775 | -$8,502,249 |
Form 990 filings
The returns filed by McLeod Health (EIN 51-0473500), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,619,455 | <1% |
| Program service revenue | $396,393,622 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $359,338,695 | 90% |
| Management & general | $42,092,482 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2025. That is higher than 70.9% of 55 Health Care organizations in SC.
- Net assets covered about -1.9 months of expenses at the end of the reporting year. That puts it in the 5th percentile among 236 Health Care organizations in SC.
- Total revenue was higher than 97.1% of 240 Health Care organizations in SC.
- Total revenue rose from $103,504,835 in FY2012 to $399,579,390 in FY2025. Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2012, FY2018, FY2020, FY2022, FY2023, FY2024, FY2025).
- Net assets declined from -$8,502,249 to -$63,387,594 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO OPERATE A HEALTH CARE SYSTEM
IRS status
| Ruling year | 2003 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in SC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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- McLeod Loris Seacoast Hospital — Florence, SC · $466,863,080
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- Roper Hospital Inc — Charleston, SC · $539,462,922
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- Greenville Health Corporation — Greenville, SC · $230,339,885
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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