St Clare Memorial Hospital Inc

Analysis

St Clare Memorial Hospital Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1953, 73 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, St Clare Memorial Hospital Inc reported income of $39.8m and spending of $39.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.5m to $39.8m (+22%), an average of +5.2% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Clare Memorial Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Great Lakes Physician Practice PC ($39.8m), Covenant Hospital Hobbs ($39.8m) and Henry County Health Center Inc ($39.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $376k (1.0% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $38.4m against liabilities of $26.5m, net assets of $11.9m. It reported 180 employees.