Baptist Health Medical Group Inc

Analysis

Baptist Health Medical Group Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2010, 16 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 August 2023, Baptist Health Medical Group Inc reported income of $800.6m and spending of $962.6m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $391.6m to $800.6m (+104%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Health Medical Group Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include Jamaica Hospital Medical Center ($795.1m), Geisinger System Services ($801.3m) and Covenant Medical Center Inc ($793.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Other salaries and wages came to $685.1m. At year end it held assets of $243.7m against liabilities of $175.2m, net assets of $68.5m. It reported 6,635 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.