Baptist Memorial Hospital - Jonesboro Inc

Analysis

Baptist Memorial Hospital - Jonesboro Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2010, 16 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 September 2023, Baptist Memorial Hospital - Jonesboro Inc reported income of $261.9m and spending of $251.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $205.5m to $261.9m (+27%), an average of +6.3% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Memorial Hospital - Jonesboro Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Care Initiatives ($261.1m), Atrium Medical Center ($262.0m) and Hospital Auxilio Mutuo Inc ($260.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $997k (0.4% of expenses). Other salaries and wages came to $77.2m. At year end it held assets of $259.0m against liabilities of $332.0m, net assets of -$72.9m. It reported 1,870 employees.