Marion Regional Medical Center Inc

Analysis

Marion Regional Medical Center Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in November 2000, 26 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, Marion Regional Medical Center Inc reported income of $19.1m and spending of $23.3m, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $21.4m to $19.1m (-11%), an average of -2.8% a year. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marion Regional Medical Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MS. Charities of a similar size with the same main cause include Harbor Beach Community Hospital Inc ($19.1m), Visiting Nurse Association of Boston Inc ($19.1m) and Memorial Health System ($19.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $269k (1.2% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $8.6m against liabilities of $36.6m, net assets of -$28.0m. It reported 289 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.