Baptist Healthcare System Inc

Analysis

Baptist Healthcare System Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1937, 89 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 August 2023, Baptist Healthcare System Inc reported income of $3.69bn and spending of $3.53bn, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.30bn to $3.69bn (+61%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Healthcare System Inc sits at the 100th 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 KY. Charities of a similar size with the same main cause include Mainehealth ($3.69bn), North Shore University Hospital ($3.69bn) and Dignity Community Care ($3.56bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.1m (0.1% of expenses). Other salaries and wages came to $1.24bn. At year end it held assets of $4.56bn against liabilities of $2.16bn, net assets of $2.40bn. It reported 20,372 employees.