St Marys Hospital Foundation

Analysis

St Marys Hospital Foundation is a registered charity in United States, based in Centralia, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Marys Hospital Foundation reported income of $393k and spending of $166k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $873k to $393k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 157% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Hospital Foundation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Northshore Memorial Scholarship Foundation ($393k), PTA California Congress of Parents Teachers & Students Inc ($393k) and 72 Lewis Avenue Apartments Housing Development Fund Corporation ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 32% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.1m against liabilities of $5,240, net assets of $1.1m.