Murphy Medical Center Inc

Analysis

Murphy Medical Center Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in February 1994, 32 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, Murphy Medical Center Inc reported income of $69.1m and spending of $68.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $76.1m to $69.1m (-9.2%), an average of -2.4% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Murphy Medical Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Santa Barbara Cottage Hospital Foundation ($69.1m), Intermountain Healthcare Foundation Inc ($69.1m) and Stony Brook Surgical Associates University Faculty Practice Corp ($69.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $498k (0.7% of expenses). Other salaries and wages came to $26.5m. At year end it held assets of $56.4m against liabilities of $45.6m, net assets of $10.8m. It reported 541 employees.