Memorial Hospital At Gulfportfoundation Inc
Memorial Hospital At Gulfportfoundation Inc maintains strong asset growth and zero executive compensation.
EIN: 204535203 · Gulfport, MS · NTEE: E11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $568K |
| Total Expenses | $386K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.0M |
| Transparency Score | 92/100 |
Is Memorial Hospital At Gulfportfoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Hospital At Gulfportfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Hospital At Gulfportfoundation Inc
Memorial Hospital At Gulfportfoundation Inc (EIN: 204535203) is a nonprofit organization based in Gulfport, MS, classified under NTEE code E11. The organization reported total revenue of $568K and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hospital At Gulfportfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hospital At Gulfportfoundation Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $692K |
| Total Expenses | $386K |
| Surplus / Deficit | +$306K |
| Total Assets | $7.0M |
| Total Liabilities | $63K |
| Net Assets | $7.0M |
| Operating Margin | 44.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 217.9 months |
Financial Health Grade: A
In 2023, Memorial Hospital At Gulfportfoundation Inc reported a surplus of $306K with revenue exceeding expenses, holds 217.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memorial Hospital At Gulfportfoundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | +25.6% | +11.7% |
| 2022 | +151.3% | +13.6% | -4.7% |
| 2021 | -85.1% | -13.6% | +14.9% |
| 2020 | +379.8% | -12.1% | +38.5% |
| 2019 | -31.7% | -26.4% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Memorial Hospital At Gulfportfoundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Memorial Hospital At Gulfportfoundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $306K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with assets exceeding $7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Memorial Hospital At Gulfportfoundation Inc:
- Consistent asset growth, from $3.5 million in 2014 to $7 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and transparency.
- Consistent generation of financial surpluses, demonstrating sound financial management.
- Low liabilities relative to assets, suggesting strong financial health.
Frequently Asked Questions about Memorial Hospital At Gulfportfoundation Inc
Is Memorial Hospital At Gulfportfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Hospital At Gulfportfoundation Inc (EIN: 204535203) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Memorial Hospital At Gulfportfoundation Inc spend its money?
Memorial Hospital At Gulfportfoundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Memorial Hospital At Gulfportfoundation Inc tax-deductible?
Memorial Hospital At Gulfportfoundation Inc is registered as a tax-exempt nonprofit (EIN: 204535203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Memorial Hospital At Gulfportfoundation Inc CEO make?
Memorial Hospital At Gulfportfoundation Inc's highest-compensated officer earns $7 annually. The organization reported $568K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Memorial Hospital At Gulfportfoundation Inc's spending goes to programs?
Memorial Hospital At Gulfportfoundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memorial Hospital At Gulfportfoundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Memorial Hospital At Gulfportfoundation Inc is above average for NTEE category E11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Hospital At Gulfportfoundation Inc located?
Memorial Hospital At Gulfportfoundation Inc is headquartered in Gulfport, Mississippi and files with the IRS under EIN 204535203. It is classified under NTEE code E11.
How many years of IRS 990 filings does Memorial Hospital At Gulfportfoundation Inc have?
Memorial Hospital At Gulfportfoundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $568K in total revenue.
Is Memorial Hospital At Gulfportfoundation Inc financially stable?
Yes, the foundation appears financially stable, consistently generating surpluses and growing its assets from $3.5 million in 2014 to over $7 million in 2023.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries.
What is the trend in the foundation's revenue?
Revenue has fluctuated, with a high of nearly $2 million in 2020, but has generally been in the range of $300,000 to $750,000 in recent years, with $692,176 in 2023.
Filing History
IRS 990 filing history for Memorial Hospital At Gulfportfoundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorial Hospital At Gulfportfoundation Inc's revenue has declined by 41.4%, moving from $1.2M to $692K. Total assets increased by 122.8% over the same period, from $3.1M to $7.0M. Total functional expenses fell by 61.8%, from $1.0M to $386K. In its most recent filing year (2023), Memorial Hospital At Gulfportfoundation Inc reported a surplus of $306K, with revenue exceeding expenses. The organization holds $63K in liabilities against $7.0M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $692K | $386K | $7.0M | $63K | — | View 990 |
| 2022 | $742K | $308K | $6.3M | $109K | — | View 990 |
| 2021 | $295K | $271K | $6.6M | $67K | — | View 990 |
| 2020 | $2.0M | $313K | $5.7M | $11K | — | View 990 |
| 2019 | $414K | $357K | $4.1M | $15K | — | View 990 |
| 2018 | $606K | $484K | $4.1M | $22K | — | View 990 |
| 2017 | $601K | $584K | $4.0M | $5K | — | View 990 |
| 2016 | $548K | $492K | $3.7M | $10K | — | View 990 |
| 2015 | $1.0M | $713K | $3.5M | $3K | — | View 990 |
| 2014 | $701K | $645K | $3.5M | $0 | — | View 990 |
| 2013 | $615K | $844K | $3.4M | $0 | — | View 990 |
| 2012 | $977K | $824K | $3.5M | $0 | — | View 990 |
| 2011 | $1.2M | $1.0M | $3.1M | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $692K, expenses of $386K, and assets of $7.0M (revenue -6.7% year-over-year).
- 2022: Revenue of $742K, expenses of $308K, and assets of $6.3M (revenue +151.3% year-over-year).
- 2021: Revenue of $295K, expenses of $271K, and assets of $6.6M (revenue -85.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $313K, and assets of $5.7M (revenue +379.8% year-over-year).
- 2019: Revenue of $414K, expenses of $357K, and assets of $4.1M (revenue -31.7% year-over-year).
- 2018: Revenue of $606K, expenses of $484K, and assets of $4.1M (revenue +0.9% year-over-year).
- 2017: Revenue of $601K, expenses of $584K, and assets of $4.0M (revenue +9.6% year-over-year).
- 2016: Revenue of $548K, expenses of $492K, and assets of $3.7M (revenue -45.2% year-over-year).
- 2015: Revenue of $1.0M, expenses of $713K, and assets of $3.5M (revenue +42.8% year-over-year).
- 2014: Revenue of $701K, expenses of $645K, and assets of $3.5M (revenue +14.0% year-over-year).
- 2013: Revenue of $615K, expenses of $844K, and assets of $3.4M (revenue -37.1% year-over-year).
- 2012: Revenue of $977K, expenses of $824K, and assets of $3.5M (revenue -17.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.0M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hospital At Gulfportfoundation Inc:
Data Sources and Methodology
This transparency report for Memorial Hospital At Gulfportfoundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.