Bayhealth Medical Center Inc

Analysis

Bayhealth Medical Center Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in February 1943, 83 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 June 2023, Bayhealth Medical Center Inc reported income of $978.0m and spending of $980.9m, spending 100% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $664.7m to $978.0m (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bayhealth Medical Center 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 DE. Charities of a similar size with the same main cause include Mountain States Health Alliance ($974.9m), Santa Barbara Cottage Hospital ($980.0m) and Variety Childrens Hospital ($974.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $11.4m (1.2% of expenses). Other salaries and wages came to $461.1m. At year end it held assets of $1.63bn against liabilities of $482.2m, net assets of $1.15bn. It reported 4,999 employees.