South Miami Hospital Inc

Analysis

South Miami Hospital Inc is a registered charity in United States, based in South Miami, FL. It received its IRS tax-exemption ruling in October 1964, 62 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, South Miami Hospital Inc reported income of $865.0m and spending of $747.6m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $674.3m to $865.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2021, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Miami Hospital Inc 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 Holmes Regional Medical Center ($864.6m), Gundersen Lutheran Administrative Services Inc ($866.3m) and North Mississippi Medical Center Inc ($863.3m).

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. Compensation of current officers, directors and key employees was $2.0m (0.3% of expenses). Other salaries and wages came to $205.4m. At year end it held assets of $461.9m against liabilities of $271.5m, net assets of $190.4m. It reported 3,202 employees.