Baptist Health

Analysis

Baptist Health is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in January 1955, 71 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 December 2023, Baptist Health reported income of $1.38bn and spending of $1.28bn, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $965.7m to $1.38bn (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 94% 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 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 AR. Charities of a similar size with the same main cause include Providence Medical Foundation ($1.35bn), Reading Hospital ($1.38bn) and Corewell Health ($1.35bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $11.2m (0.9% of expenses). Other salaries and wages came to $445.1m. At year end it held assets of $1.87bn against liabilities of $738.5m, net assets of $1.13bn. It reported 8,966 employees.