St Tammany Hospital Foundation

Analysis

St Tammany Hospital Foundation is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in November 2004, 22 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 December 2023, St Tammany Hospital Foundation reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $974k to $1.4m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Tammany Hospital Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Restorative Justice Project of the Midcoast ($1.4m), Mennonite Dental Clinic Inc ($1.4m) and Teen Challenge-Adult Centers of Texas Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $7.8m against liabilities of $22k, net assets of $7.8m.