Baptist Hospitals of Southeast Texas

Analysis

Baptist Hospitals of Southeast Texas is a registered charity in United States, based in Beaumont, 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baptist Hospitals of Southeast Texas reported income of $380.0m and spending of $344.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $290.8m to $380.0m (+31%), an average of +6.9% 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, Baptist Hospitals of Southeast Texas 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 Pih Health Good Samaritan Hospital ($379.1m), Community Mercy Health Partners ($380.0m) and Saint Joseph Regional Medical Center-South Bend Campus Inc ($378.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (0.5% of expenses). Other salaries and wages came to $108.9m. At year end it held assets of $332.0m against liabilities of $161.6m, net assets of $170.5m. It reported 2,211 employees.