Baptist Memorial Hospital-Desoto Inc

Analysis

Baptist Memorial Hospital-Desoto Inc is a registered charity in United States, based in Southaven, MS. It received its IRS tax-exemption ruling in December 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, Baptist Memorial Hospital-Desoto Inc reported income of $318.6m and spending of $321.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $291.2m to $318.6m (+9.4%), an average of +2.3% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Memorial Hospital-Desoto 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 MS. Charities of a similar size with the same main cause include Christus Health Northern Louisiana ($318.2m), Health Plan of Careoregon Inc ($318.6m) and Licking Memorial Hospital ($317.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $881k (0.3% of expenses). Other salaries and wages came to $110.2m. At year end it held assets of $318.6m against liabilities of $94.2m, net assets of $224.3m. It reported 2,385 employees.