McLaren St Lukes

Analysis

McLaren St Lukes is a registered charity in United States, based in Maumee, OH. It received its IRS tax-exemption ruling in August 1957, 69 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 September 2023, McLaren St Lukes reported income of $24.2m and spending of $154.0m, spending 636% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income fell from $194.3m to $24.2m (-88%), an average of -41% a year. The sharpest change came in the year to September 2023, when income dropped by 86%. Over the whole period it spent 127% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLaren St Lukes sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Windrose Health Network Inc ($24.2m), Vna Home Care Services ($24.2m) and Open Door Health Services Inc ($24.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.2% and program service revenue 301% of the total. Compensation of current officers, directors and key employees was $3.1m (2.0% of expenses). Other salaries and wages came to $47.2m. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1,566 employees.