St Marys Medical Group Inc

Analysis

St Marys Medical Group Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in March 2013, 13 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 Marys Medical Group Inc reported income of $41.0m and spending of $56.4m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.6m to $41.0m (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 141% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Marys Medical Group Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include The Mark Foundation for Cancer Research US Ltd ($40.9m), Stony Brook Orthopaedic Associates University Faculty Practice Corp ($41.0m) and Bethesda ($40.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.2m (9.2% of expenses). Other salaries and wages came to $27.2m. At year end it held assets of $16.3m against liabilities of $17.3m, net assets of -$970k. It reported 341 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.