Hillcrest Baptist Medical Center

Analysis

Hillcrest Baptist Medical Center is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1964, 62 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 June 2023, Hillcrest Baptist Medical Center reported income of $455.6m and spending of $424.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $346.6m to $455.6m (+31%), an average of +7.1% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hillcrest Baptist Medical Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Henry Mayo Newhall Memorial Hospital ($454.2m), Henry Ford Health Macomb Oakland Hospital ($456.0m) and Osf Multi-Specialty Group ($453.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.8m (0.7% of expenses). Other salaries and wages came to $117.3m. At year end it held assets of $461.5m against liabilities of $234.6m, net assets of $226.8m. It reported 1,861 employees.