Baptist Health Foundation Inc

Analysis

Baptist Health Foundation Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Baptist Health Foundation Inc reported income of $2.1m and spending of $2.5m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.1m (+56%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 76%. Over the whole period it spent 116% 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 Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Oregon Lions Sight and Hearing Foundation Inc ($2.1m), Red Door Community Inc ($2.1m) and Sequoia Hospital Foundation ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $190k (7.7% of expenses). Other salaries and wages came to $238k. At year end it held assets of $26.5m against liabilities of $5.6m, net assets of $20.9m.

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.