Baptist Besthealth Inc

Analysis

Baptist Besthealth Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Baptist Besthealth Inc reported income of $3.0m and spending of $3.8m, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $462k to $3.0m (+543%), an average of +59% a year. The sharpest change came in the year to September 2020, when income rose by 521%. Over the whole period it spent 153% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baptist Besthealth Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Wells County Ems Inc ($3.0m), Global Surgical Initiatives Inc ($3.0m) and Reach for Recovery Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $445k. At year end it held assets of $9,989 against liabilities of $6.1m, net assets of -$6.1m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.