Ballad Health

Analysis

Ballad Health is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ballad Health reported income of $72.1m and spending of $85.2m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.6m to $72.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 145% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ballad Health sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Planned Parenthood Great Northwest Hawaii Alaska Indiana & Ky Inc ($72.0m), Boone Memorial Hospital Inc ($72.2m) and Medical Foundation of Central Mississippi Inc ($72.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $12.4m (15% of expenses). At year end it held assets of $1.84bn against liabilities of $1.26bn, net assets of $585.3m. It reported 1,859 employees.