Beebe Medical Center Inc

Analysis

Beebe Medical Center Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in August 1938, 88 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 June 2023, Beebe Medical Center Inc reported income of $597.7m and spending of $573.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $430.7m to $597.7m (+39%), an average of +8.5% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beebe Medical Center Inc 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 100th percentile, and in the 100th percentile within DE. Charities of a similar size with the same main cause include Centracare Health System ($596.5m), Mercy Medical Center Inc ($599.5m) and Wellspan Health ($593.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $6.2m (1.1% of expenses). Other salaries and wages came to $180.5m. At year end it held assets of $700.6m against liabilities of $347.2m, net assets of $353.5m. It reported 2,984 employees.