Mississippi Baptist Medical Center

Analysis

Mississippi Baptist Medical Center is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 1998, 28 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, Mississippi Baptist Medical Center reported income of $487.8m and spending of $501.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $426.5m to $487.8m (+14%), an average of +3.4% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mississippi Baptist Medical Center 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 Indiana University Health North Hospital Inc ($487.2m), Summit Medical Group Inc ($488.8m) and MVHS Inc ($485.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.8m (0.4% of expenses). Other salaries and wages came to $166.9m. At year end it held assets of $460.0m against liabilities of $407.3m, net assets of $52.7m. It reported 3,269 employees.