Baptist Health Regional Hospitals

Analysis

Baptist Health Regional Hospitals is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in November 2019, 7 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 December 2023, Baptist Health Regional Hospitals reported income of $346.7m and spending of $340.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255.1m to $346.7m (+36%), an average of +8.0% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Health Regional Hospitals 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 AR. Charities of a similar size with the same main cause include Sonora Community Hospital ($346.7m), STC Healthcare Partners LLC ($347.6m) and Albany Med Health System ($346.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $852k (0.3% of expenses). Other salaries and wages came to $89.8m. At year end it held assets of $165.2m against liabilities of $182.7m, net assets of -$17.5m. It reported 1,642 employees.