LAKELAND REGIONAL MEDICAL CENTER INC
1324 LAKELAND HILLS BLVD, LAKELAND, FL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,476,822,132 | $1,296,726,644 | $545,432,205 |
| FY2024 | $1,339,332,000 | $1,160,155,051 | $512,962,336 |
| FY2023 | $1,158,223,255 | $1,039,271,249 | $465,491,258 |
| FY2022 | $1,028,284,243 | $959,776,613 | $384,193,877 |
| FY2021 | $1,018,219,105 | $909,956,644 | $399,422,379 |
| FY2020 | $860,757,084 | $788,256,373 | $266,088,255 |
| FY2019 | $905,422,211 | $839,674,800 | $401,781,493 |
| FY2018 | $824,963,553 | $765,756,833 | $412,568,160 |
| FY2017 | $796,617,390 | $714,220,955 | $352,019,313 |
| FY2016 | $790,282,259 | $705,750,337 | $330,161,273 |
| FY2015 | $766,196,580 | $697,229,016 | $238,545,697 |
| FY2014 | $737,329,903 | $670,978,562 | $216,867,240 |
| FY2013 | $703,900,453 | $648,914,099 | $190,442,193 |
| FY2012 | $706,370,901 | $648,099,827 | $176,204,259 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $10,767,209 | 1% |
| Program service revenue | $1,464,867,344 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,160,934,171 | 90% |
| Management & general | $135,792,473 | 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 58.9% of 180 Health Care organizations in FL.
- Net assets covered about 5 months of expenses at the end of the reporting year. That puts it in the 35th percentile among 932 Health Care organizations in FL.
- Total revenue was higher than 99.1% of 958 Health Care organizations in FL.
- Total revenue rose from $706,370,901 in FY2012 to $1,476,822,132 in FY2025, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $176,204,259 to $545,432,205 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
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
Lakeland Regional Health's strategic imperative is to develop as a nationally recognized, fiscally strong and growing collaborative regional health system that improves lives by offering safe, high quality, equitable and affordable healthcare, while demonstrating an equal commitment to the
IRS status
| Ruling year | 1986 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in FL) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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