Charity Search / BAPTIST MEMORIAL HOSPITAL
Health Care (E220) 990 on File

BAPTIST MEMORIAL HOSPITAL

EIN: 62-0123940 · MEMPHIS, TN 38120-2177 · United States · FY 2024 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 72/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$975.5M
Total Revenue
$954.6M
Total Expenses
$207.1M
Net Assets
6085
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 94.7%
Fundraising Efficiency N/A
Operating Reserve 2.60x
Liability-to-Asset 64.6%
Revenue Diversification 97.5%
Executive Compensation $1.9M
Compared with Peers
FY 2024
Compared with 938 similar organizations (United States, Health Care, $100M and over in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
94.7% 87.7%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
5.3% 12.3%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
2.6 mo 6.1 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
64.6% 44.5%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
97.5% 96.4%
P10P90
Below median
Revenue growth
Year over year revenue growth
8.6% 9.1%
P10P90
Expense growth
Year over year expense growth
5.2% 7.8%
P10P90
Surplus margin
Surplus as a share of revenue
2.1% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $975.5M $954.6M $207.1M 94.7% 6085
2023 $898.1M $907.8M $186.0M 94.6% 5642
2022 $797.6M $864.6M $192.3M 94.6% 5662
2021 $786.5M $779.3M N/A 5316
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Organization Details
EIN
62-0123940
State
TN
City
MEMPHIS
ZIP
38120-2177
Classification
E220
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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