Saint Joseph Regional Medical Center Inc

Analysis

Saint Joseph Regional Medical Center Inc is a registered charity in United States, based in Mishawaka, IN. 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, Saint Joseph Regional Medical Center Inc reported income of $121.1m and spending of $148.8m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $94.7m to $121.1m (+28%), an average of +6.3% a year. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Joseph Regional Medical Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Salud Family Health ($121.1m), Hayward Sisters Hospital ($121.1m) and Wayne Memorial Hospital ($120.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $886k (0.6% of expenses). Other salaries and wages came to $59.4m. At year end it held assets of $583.9m against liabilities of $721.6m, net assets of -$137.7m. It reported 3,865 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.