Shands Jacksonville Medical Center Inc

Analysis

Shands Jacksonville Medical Center Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1982, 44 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 June 2023, Shands Jacksonville Medical Center Inc reported income of $916.1m and spending of $970.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $816.6m to $916.1m (+12%), an average of +2.9% 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, Shands Jacksonville Medical Center 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 Christus Spohn Health System Corporation ($915.4m), Bryan Medical Center ($917.0m) and Scripps Health Plan Services Inc ($912.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $5.1m (0.5% of expenses). Other salaries and wages came to $354.3m. At year end it held assets of $1.03bn against liabilities of $803.3m, net assets of $226.4m. It reported 6,315 employees.