Baptist Hospital of Miami Inc

Analysis

Baptist Hospital of Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 1963, 63 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 Hospital of Miami Inc reported income of $2.28bn and spending of $1.89bn, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.72bn to $2.28bn (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Hospital of Miami 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 Uc Healthcare System ($2.26bn), Shands Teaching Hospital and Clinics Inc ($2.32bn) and Harvard Pilgrim Health Care Inc ($2.23bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $3.3m (0.2% of expenses). Other salaries and wages came to $427.6m. At year end it held assets of $1.35bn against liabilities of $795.3m, net assets of $556.9m. It reported 6,694 employees.