Baptist Memorial College of Health Sciences Inc

Analysis

Baptist Memorial College of Health Sciences Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Memorial College of Health Sciences Inc reported income of $26.1m and spending of $23.5m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.7m to $26.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baptist Memorial College of Health Sciences Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Maine College of Art ($26.1m), Hynes Charter School Corporation ($26.1m) and Allen University ($26.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $762k (3.2% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $104.1m against liabilities of $19.8m, net assets of $84.3m. It reported 269 employees.