Baptist Homes Society

Analysis

Baptist Homes Society is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1944, 82 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baptist Homes Society reported income of $38.8m and spending of $43.9m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.1m to $38.8m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Homes Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Abington Memorial Hospital Foundation ($38.7m), Saint Alphonsus Medical Center Baker City Inc ($38.8m) and Beverly Community Hospital Association ($38.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $175k (0.4% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $205.8m against liabilities of $311.7m, net assets of -$105.9m. It reported 667 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.