Baylor University Medical Center

Analysis

Baylor University Medical Center is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1983, 43 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, Baylor University Medical Center reported income of $1.73bn and spending of $1.31bn, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.36bn to $1.73bn (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baylor University Medical Center 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 St Jude Childrens Research Hospital Inc ($1.71bn), Carilion Medical Center ($1.74bn) and RWJBH Corporate Services Inc ($1.71bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.5m (0.2% of expenses). Other salaries and wages came to $389.6m. At year end it held assets of $3.63bn against liabilities of $116.2m, net assets of $3.51bn. It reported 6,291 employees.