Bethesda Hospital Inc

Analysis

Bethesda Hospital Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in September 1984, 42 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).

In the financial year ending September 2023, Bethesda Hospital Inc reported income of $417.8m and spending of $525.6m, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $432.6m to $417.8m (-3.4%), an average of -0.9% a year. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethesda Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. 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 Wyckoff Heights Medical Center ($415.3m), Upmc ($417.8m) and Blanchard Valley Regional Health Center ($413.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.9m (0.4% of expenses). Other salaries and wages came to $163.7m. At year end it held assets of $396.6m against liabilities of $694.1m, net assets of -$297.5m. It reported 2,951 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.