Baptist Memorial Hospital

Analysis

Baptist Memorial Hospital is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1954, 72 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, Baptist Memorial Hospital reported income of $898.1m and spending of $907.8m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $734.6m to $898.1m (+22%), an average of +5.2% 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, Baptist Memorial Hospital 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 TN. Charities of a similar size with the same main cause include Catholic Health Initiatives-Iowa Corp ($896.6m), Sisters of Charity of Leavenworth Health System Inc ($898.1m) and Bethesda Hospital Inc ($896.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (0.2% of expenses). Other salaries and wages came to $300.6m. At year end it held assets of $522.2m against liabilities of $336.2m, net assets of $186.0m. It reported 5,642 employees.