Memorial Hospital at Gulfportfoundation Inc

Analysis

Memorial Hospital at Gulfportfoundation Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Memorial Hospital at Gulfportfoundation Inc reported income of $692k and spending of $386k, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $414k to $692k (+67%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 380%. Over the whole period it spent 40% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital at Gulfportfoundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within MS. Charities of a similar size with the same main cause include Ticonderoga Emergency Squad Inc ($692k), Floydada Emergency Medical Services ($692k) and David a Winston Health Policy Fellowship ($692k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $7.0m against liabilities of $63k, net assets of $7.0m.