Baptist Health of South Florida Inc

Analysis

Baptist Health of South Florida Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in January 1992, 34 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Health of South Florida Inc reported income of $1.10bn and spending of $1.48bn, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.29bn to $1.10bn (-15%), an average of -3.9% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 84% 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 of South Florida Inc sits at the 99th 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 FL. Charities of a similar size with the same main cause include Froedtert Thedacare Health Inc ($1.10bn), Legacy Emanuel Hospital & Health Center ($1.11bn) and Henry Ford Health St John Hospital ($1.10bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $14.1m (1.0% of expenses). Other salaries and wages came to $467.6m. At year end it held assets of $7.60bn against liabilities of $1.81bn, net assets of $5.79bn. It reported 5,715 employees.