Ascension Living Borgess Place

Analysis

Ascension Living Borgess Place 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. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3).

In the financial year ending June 2023, Ascension Living Borgess Place reported income of $10.0m and spending of $12.8m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.1m to $10.0m (-10%), an average of -2.7% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascension Living Borgess Place sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Mid-West New Mexico Community Action Program ($10.0m), Pluralistic Schools Inc ($10.0m) and Clay Behavioral Health Center Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $9.3m against liabilities of $1.6m, net assets of $7.8m. It reported 147 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.