Baptist Memorial Health Care Corporation

Analysis

Baptist Memorial Health Care Corporation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Memorial Health Care Corporation reported income of $281.0m and spending of $319.8m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $230.7m to $281.0m (+22%), an average of +5.1% a year. Over the whole period it spent 115% 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 Health Care Corporation 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 Torrance Health Association Inc ($280.6m), Deaconess Memorial Medical Center Inc ($281.1m) and Medstar Southern Maryland Hospital Center Inc ($280.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $26.0m (8.1% of expenses). Other salaries and wages came to $115.6m. At year end it held assets of $1.36bn against liabilities of $250.7m, net assets of $1.11bn. It reported 1,821 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.