Tallahassee Memorial Healthcare Inc

Analysis

Tallahassee Memorial Healthcare Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in September 1979, 47 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, Tallahassee Memorial Healthcare Inc reported income of $872.7m and spending of $893.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $705.3m to $872.7m (+24%), an average of +5.5% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tallahassee Memorial Healthcare 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 Danbury Hospital ($872.4m), Pih Health Whittier Hospital ($874.1m) and Gundersen Lutheran Administrative Services Inc ($866.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $6.7m (0.8% of expenses). Other salaries and wages came to $364.1m. At year end it held assets of $1.08bn against liabilities of $518.0m, net assets of $561.4m. It reported 7,790 employees.