Baycare Health Systems Inc

Analysis

Baycare Health Systems Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in June 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baycare Health Systems Inc reported income of $1.02bn and spending of $736.9m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $818.6m to $1.02bn (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baycare Health Systems Inc sits at the 99th 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 Medical Center of Central Georgia Inc ($1.02bn), Camp Bowie Service Center ($1.03bn) and Stormont-Vail Healthcare Inc ($1.01bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $6.8m (0.9% of expenses). Other salaries and wages came to $336.7m. At year end it held assets of $8.51bn against liabilities of $6.89bn, net assets of $1.62bn. It reported 8,128 employees.