Ascension Health

Analysis

Ascension Health 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. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Health reported income of $228.5m and spending of $211.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $123.0m to $228.5m (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ascension Health 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 100th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Kennedy Krieger Childrens Hospital Inc ($227.7m), Santiam Memorial Hospital ($228.7m) and St Francis Regional Medical Center ($227.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. Other salaries and wages came to $127.5m. At year end it held assets of $234.3m against liabilities of $144.0m, net assets of $90.3m. It reported 2,567 employees.