Maury Regional Medical Group Inc

Analysis

Maury Regional Medical Group Inc is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2023, Maury Regional Medical Group Inc reported income of $41.4m and spending of $46.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $54.9m to $41.4m (-25%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maury Regional Medical Group Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Gary and Mary West Senior Services Inc ($41.4m), Corewell Health ($41.4m) and Centracare Health System-Long Prairie ($41.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $486k (1.0% of expenses). Other salaries and wages came to $29.0m. At year end it held assets of $6.5m against liabilities of $7.1m, net assets of -$586k. It reported 274 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.