Baptist Health System Inc

Analysis

Baptist Health System Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 1985, 41 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 System Inc reported income of $325.5m and spending of $443.2m, spending 136% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $182.8m to $325.5m (+78%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 35%. Over the whole period it spent 132% 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 System 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 Hoag Clinic Inc ($325.3m), The Mercy Hospital Inc ($325.8m) and Fairfield Medical Center ($324.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 136% of the total. Compensation of current officers, directors and key employees was $10.1m (2.3% of expenses). Other salaries and wages came to $169.9m. At year end it held assets of $614.6m against liabilities of $248.8m, net assets of $365.8m. It reported 3,499 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.