Bakersfield Memorial Hospital

Analysis

Bakersfield Memorial Hospital is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1953, 73 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 June 2023, Bakersfield Memorial Hospital reported income of $620.6m and spending of $577.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $521.5m to $620.6m (+19%), an average of +4.4% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bakersfield Memorial Hospital sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Mymichigan Medical Center Midland ($620.5m), Fayette Community Hospital Inc ($621.2m) and Community Memorial Health System ($620.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.0m (0.5% of expenses). Other salaries and wages came to $213.6m. At year end it held assets of $922.2m against liabilities of $133.9m, net assets of $788.2m. It reported 2,683 employees.