Big Springs Medical Association

Analysis

Big Springs Medical Association is a registered charity in United States, based in Ellington, MO. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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 May 2023, Big Springs Medical Association reported income of $39.3m and spending of $36.6m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $16.0m to $39.3m (+145%), an average of +25% a year. The sharpest change came in the year to May 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Springs Medical Association sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Thompson Child & Family Focus ($39.3m), Camillus House Inc ($39.3m) and Cenikor Foundation ($39.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.1m (5.8% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $29.4m against liabilities of $8.9m, net assets of $20.4m. It reported 387 employees.