Holmes Regional Medical Center

Analysis

Holmes Regional Medical Center is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in September 1945, 81 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 September 2023, Holmes Regional Medical Center reported income of $864.6m and spending of $818.9m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $703.9m to $864.6m (+23%), an average of +5.3% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holmes Regional Medical Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include North Mississippi Medical Center Inc ($863.3m), South Miami Hospital Inc ($865.0m) and Broad Institute Inc ($860.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $281.0m. At year end it held assets of $950.0m against liabilities of $385.2m, net assets of $564.8m.