St Vincent Medical Group Inc

Analysis

St Vincent Medical Group 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 publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, St Vincent Medical Group Inc reported income of $303.3m and spending of $467.5m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $238.3m to $303.3m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 159% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincent Medical Group Inc sits at the 100th 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 99th percentile within MO. Charities of a similar size with the same main cause include The American British Cowdray Medical Center Institucion de Asis ($302.8m), Johns Hopkins Community Physicians Inc ($309.4m) and Goodwill of Central and Northern Arizona ($300.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6.0m (1.3% of expenses). Other salaries and wages came to $291.4m. At year end it held assets of $139.7m against liabilities of $148.6m, net assets of -$8.9m. It reported 2,940 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.