Clay County Medical Corporation

Analysis

Clay County Medical Corporation is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in March 1983, 43 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, Clay County Medical Corporation reported income of $48.9m and spending of $46.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $48.5m to $48.9m (+0.8%), an average of +0.2% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clay County Medical Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include Cumberland Heights Foundation Inc ($48.9m), Yakima Neighborhood Health Services ($48.9m) and Knoxville Community Hospital Inc ($48.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $391k (0.8% of expenses). Other salaries and wages came to $20.2m. At year end it held assets of $47.0m against liabilities of $27.6m, net assets of $19.4m. It reported 385 employees.