Southern Baptist Hospital of Florida Inc

Analysis

Southern Baptist Hospital of Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 1971, 55 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, Southern Baptist Hospital of Florida Inc reported income of $2.22bn and spending of $1.92bn, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.51bn to $2.22bn (+48%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southern Baptist Hospital of Florida Inc sits at the 100th 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 Community Health Network Inc ($2.18bn), University of Maryland Medical System Corporation ($2.23bn) and Northshore University Healthsystem ($2.17bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.4m (0.1% of expenses). Other salaries and wages came to $704.5m. At year end it held assets of $4.12bn against liabilities of $1.56bn, net assets of $2.56bn. It reported 10,697 employees.