Baptist Health Medical Group Inc

Analysis

Baptist Health Medical Group Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in November 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Health Medical Group Inc reported income of $574.7m and spending of $585.8m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $181.8m to $574.7m (+216%), an average of +33% a year. The sharpest change came in the year to September 2020, when income rose by 480%. Over the whole period it spent 80% 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 larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include St Barnabas Hospital ($573.3m), St John Medical Center Inc ($574.9m) and Jackson Laboratory ($572.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $434k (0.1% of expenses). Other salaries and wages came to $341.3m. At year end it held assets of $110.3m against liabilities of $145.7m, net assets of -$35.4m. It reported 2,356 employees.