Baptist Medical Center of Nassau I NC

Analysis

Baptist Medical Center of Nassau I NC is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1994, 32 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 of Nassau I NC reported income of $97.5m and spending of $82.8m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $82.0m to $97.5m (+19%), an average of +4.4% a year. Over the whole period it spent 85% 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 of Nassau I NC sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Kings Daughters Medical Center ($97.5m), Carilion Giles Community Hospital ($97.6m) and New York Psychotherapy and Counseling Center ($97.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $427k (0.5% of expenses). Other salaries and wages came to $31.0m. At year end it held assets of $155.0m against liabilities of $16.8m, net assets of $138.2m. It reported 571 employees.