Baptist Memorials Ministries

Analysis

Baptist Memorials Ministries is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baptist Memorials Ministries reported income of $16.5m and spending of $15.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $16.5m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 43%. 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 Memorials Ministries sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Providence Hospital ($16.5m), Lindsborg Community Hospital Association ($16.5m) and United Cerebral Palsy Association of Niagara County Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 80% of the total. Other salaries and wages came to $6.5m. At year end it held assets of $75.7m against liabilities of $28.0m, net assets of $47.6m. It reported 223 employees.