Ascension Health Professional and General Liability Self-Insurance

Analysis

Ascension Health Professional and General Liability Self-Insurance is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 Professional and General Liability Self-Insurance reported income of $223.9m and spending of $566.6m, spending 253% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $200.1m to $223.9m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Health Professional and General Liability Self-Insurance sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Claremont McKenna College ($222.7m), Community Howard Regional Health Inc ($224.4m) and Providence Medical Institute ($222.0m).

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 $789.8m against liabilities of $1.12bn, net assets of -$333.4m.