Southside Medical Center Inc

Analysis

Southside Medical Center Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1973, 53 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 May 2023, Southside Medical Center Inc reported income of $35.4m and spending of $34.2m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $27.7m to $35.4m (+28%), an average of +6.3% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southside Medical Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Huron Valley Ambulance Inc ($35.4m), Depaul Community Services Inc ($35.4m) and Appalachian Regional Healthcare System Inc ($35.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $1.1m (3.3% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $26.8m against liabilities of $7.9m, net assets of $18.9m. It reported 349 employees.