Gulf Health Hospitals Inc

Analysis

Gulf Health Hospitals Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 1986, 40 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 March 2023, Gulf Health Hospitals Inc reported income of $332.7m and spending of $308.1m, spending 93% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $261.6m to $332.7m (+27%), an average of +8.3% a year. The sharpest change came in the year to March 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gulf Health Hospitals Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Cleveland Clinic Mercy Hospital ($331.1m), Jackson Hospital & Clinic Inc ($332.9m) and Marshall Medical Center ($331.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.5m (0.5% of expenses). Other salaries and wages came to $104.6m. At year end it held assets of $280.6m against liabilities of $217.3m, net assets of $63.3m. It reported 2,013 employees.