Baptist Health Care Inc

Analysis

Baptist Health Care Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in April 1953, 73 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 September 2023, Baptist Health Care Inc reported income of $805.1m and spending of $820.1m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $637.3m to $805.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 100% 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 Care 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 FL. Charities of a similar size with the same main cause include Saint Alphonsus Regional Medical Center Inc ($804.5m), Swedishamerican Hospital ($806.1m) and Geisinger System Services ($801.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $9.3m (1.1% of expenses). Other salaries and wages came to $302.9m. At year end it held assets of $1.36bn against liabilities of $1.11bn, net assets of $245.3m. It reported 5,970 employees.