Baptist Health System Foundation Inc

Analysis

Baptist Health System Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 System Foundation Inc reported income of $33.1m and spending of $23.0m, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $39.1m to $33.1m (-15%), an average of -4.1% a year. The sharpest change came in the year to September 2023, when income dropped by 50%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baptist Health System Foundation Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Homebridge Inc ($33.1m), Lexington Center for Recovery Inc ($33.1m) and Family Services of Westchester Inc ($33.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $307.4m against liabilities of $6.6m, net assets of $300.7m.