Baptist Health Richmond Foundation Inc

Analysis

Baptist Health Richmond Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Baptist Health Richmond Foundation Inc reported income of $976k and spending of $1.3m, spending 132% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $683k to $976k (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2021, when income rose by 191%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Baptist Health Richmond Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Parental Loving Care Inc ($976k), Alatheia Riding Center ($976k) and Home Neighborly Service of Denver ($976k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $194k. At year end it held assets of $7.8m against liabilities of $94k, net assets of $7.7m. It reported 2 employees.