Baptist Memorial Health Services Inc

Analysis

Baptist Memorial Health Services Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Memorial Health Services Inc reported income of $13.6m and spending of $6.0m, leaving 56% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $15.0m to $13.6m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to September 2020, when income dropped by 24%. Over the whole period it spent 57% 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 Health Services 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 TN. Charities of a similar size with the same main cause include Good Neighbor Community Health Center ($13.6m), Central North Alabama Health Services Inc ($13.6m) and Metropolitan Community Health Services Inc ($13.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $54.3m against liabilities of $2.0m, net assets of $52.3m. It reported 109 employees.