Baptist Health Deaconess Madisonville Inc

Analysis

Baptist Health Deaconess Madisonville Inc is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in February 1966, 60 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 Health Deaconess Madisonville Inc reported income of $264.4m and spending of $235.7m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $196.9m to $264.4m (+34%), an average of +7.7% a year. The sharpest change came in the year to August 2022, when income rose by 49%. Over the whole period it spent 97% 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 Deaconess Madisonville Inc 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 KY. Charities of a similar size with the same main cause include Tuba City Regional Health Care Corporation ($264.4m), Memorial Hermann Medical Group ($265.0m) and Cheshire Medical Center ($263.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $538k (0.2% of expenses). Other salaries and wages came to $91.9m. At year end it held assets of $91.2m against liabilities of $38.0m, net assets of $53.3m. It reported 1,629 employees.