Baptist Memorial Health Care Foundation

Analysis

Baptist Memorial Health Care Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 Foundation reported income of $67.2m and spending of $18.9m, leaving 72% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $48.0m to $67.2m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 28% 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 Foundation 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 TN. Charities of a similar size with the same main cause include Central Pa Behavorial Health Collaborative Inc ($67.1m), Coleman Professional Services Inc ($67.3m) and Centerstone of Florida Inc ($67.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% of the total. Compensation of current officers, directors and key employees was $46k (0.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $607.4m against liabilities of $9.7m, net assets of $597.7m. It reported 12 employees.