St Lukes Hospital

Analysis

St Lukes Hospital is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in February 1943, 83 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, St Lukes Hospital reported income of $1.43bn and spending of $1.41bn, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $991.5m to $1.43bn (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 21%. 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, St Lukes Hospital sits at the 99th 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 PA. Charities of a similar size with the same main cause include The Carle Foundation Hospital ($1.42bn), Forsyth Memorial Hospital Inc ($1.44bn) and Willis-Knighton Medical Center ($1.40bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $640k (0.0% of expenses). Other salaries and wages came to $469.5m. At year end it held assets of $3.34bn against liabilities of $2.42bn, net assets of $924.3m. It reported 15,626 employees.