Baptist Health South Florida Foundation Inc

Analysis

Baptist Health South Florida Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Health South Florida Foundation Inc reported income of $51.9m and spending of $38.8m, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $40.8m to $51.9m (+27%), an average of +6.3% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 58% 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 South Florida Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Fairfield Memorial Hospital Association ($51.9m), Kedren Community Health Center Inc Kedren Child Development Center ($52.0m) and St James Hospital ($51.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $448k (1.2% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $420.7m against liabilities of $111.7m, net assets of $309.0m. It reported 82 employees.