St Vincent Salem Hospital Inc

Analysis

St Vincent Salem Hospital Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Vincent Salem Hospital Inc reported income of $19.0m and spending of $17.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.7m to $19.0m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincent Salem Hospital Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Neighborhood Funders Group ($19.0m), Mountain Projects Inc ($19.0m) and Head Start of Lane County ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $236k (1.3% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $6.7m against liabilities of $4.3m, net assets of $2.4m. It reported 101 employees.