Morehouse Community Medical Centers Inc

Analysis

Morehouse Community Medical Centers Inc is a registered charity in United States, based in Bastrop, LA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Morehouse Community Medical Centers Inc reported income of $18.4m and spending of $18.0m, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $10.6m to $18.4m (+73%), an average of +15% a year. The sharpest change came in the year to July 2021, when income rose by 45%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morehouse Community Medical Centers 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 97th percentile within LA. Charities of a similar size with the same main cause include South Bend Medical Foundation Inc ($18.4m), Uvpc Specialists Inc ($18.4m) and Loring Hospital ($18.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.2m (6.5% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $23.2m against liabilities of $4.8m, net assets of $18.4m. It reported 166 employees.