Anderson Regional Medical Center

Analysis

Anderson Regional Medical Center is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in September 1944, 82 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, Anderson Regional Medical Center reported income of $254.4m and spending of $274.3m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $208.5m to $254.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anderson Regional Medical Center 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 100th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include McLaren Port Huron ($254.1m), Mymichigan Medical Center Alpena ($254.7m) and Baptist Memorial Hospital-North Mississippi Inc ($253.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.0m (0.7% of expenses). Other salaries and wages came to $72.9m. At year end it held assets of $226.6m against liabilities of $73.2m, net assets of $153.5m. It reported 1,753 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.