Presence Healthcare Services

Analysis

Presence Healthcare Services 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Presence Healthcare Services reported income of $142.4m and spending of $202.0m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $91.9m to $142.4m (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 177% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Presence Healthcare Services 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 MO. Charities of a similar size with the same main cause include SSM Regional Health Services ($142.3m), Thorek Memorial Hospital ($142.6m) and St James Healthcare ($142.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 106% of the total. At year end it held assets of $233.7m against liabilities of $53.4m, net assets of $180.3m.

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.