Baptist Medical Center Beaches

Analysis

Baptist Medical Center Beaches is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in February 1990, 36 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), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Medical Center Beaches reported income of $192.2m and spending of $176.0m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $143.9m to $192.2m (+34%), an average of +7.5% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Medical Center Beaches sits at the 97th percentile: it is larger than about 97% 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 Caldwell Memorial Hospital Inc ($192.0m), Sid Peterson Memorial Hospital ($192.4m) and Adventist Health Clearlake Hospital Inc ($191.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $773k (0.4% of expenses). Other salaries and wages came to $63.0m. At year end it held assets of $266.7m against liabilities of $34.3m, net assets of $232.4m. It reported 1,108 employees.