Baylor College of Medicine

Analysis

Baylor College of Medicine is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baylor College of Medicine reported income of $2.55bn and spending of $2.57bn, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.02bn to $2.55bn (+26%), an average of +6.0% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baylor College of Medicine sits at the 100th 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 TX. Charities of a similar size with the same main cause include Vanderbilt University ($2.27bn), Northeastern University ($2.59bn) and Harvard Management Private Equity Corporation ($2.02bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $16.4m (0.6% of expenses). Other salaries and wages came to $1.39bn. At year end it held assets of $2.89bn against liabilities of $1.29bn, net assets of $1.59bn. It reported 15,020 employees.