Southeast Mississippi Rural Health Initiative Inc

Analysis

Southeast Mississippi Rural Health Initiative Inc is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in January 1980, 46 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 January 2024, Southeast Mississippi Rural Health Initiative Inc reported income of $33.0m and spending of $37.2m, spending 113% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $25.9m to $33.0m (+28%), an average of +6.3% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southeast Mississippi Rural Health Initiative Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include Cox Barton County Hospital ($33.0m), Jewish Healthcare Foundation of Pittsburgh ($33.0m) and St Josephs Health Services Inc ($33.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $887k (2.4% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $17.5m against liabilities of $5.6m, net assets of $11.8m. It reported 353 employees.