Jay Hospital Inc

Analysis

Jay Hospital Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in August 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 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, Jay Hospital Inc reported income of $13.3m and spending of $18.4m, spending 138% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.6m to $13.3m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jay Hospital Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Madonna Manor Inc ($13.3m), Health Planning Council of SW Fla ($13.3m) and Heritage Clinic and the Community Assistance Program for Seniors ($13.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $180k (1.0% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $5.4m against liabilities of $3.4m, net assets of $1.9m. It reported 159 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.