St Mary Medical Center Foundation

Analysis

St Mary Medical Center Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 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 Mary Medical Center Foundation reported income of $5.0m and spending of $7.7m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.0m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Mary Medical Center Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include CHC Community Care LLC ($5.0m), Valley View Nursing Home of Houston Inc ($5.0m) and Specialized Alternatives for Families and Youth of Alabama Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $69.5m against liabilities of $4.4m, net assets of $65.2m.