Wheaton Franciscan Healthcare - Southeast Wisconsin Inc

Analysis

Wheaton Franciscan Healthcare - Southeast Wisconsin Inc 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. 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 June 2023, Wheaton Franciscan Healthcare - Southeast Wisconsin Inc reported income of $34.3m and spending of $34.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $86.3m to $34.3m (-60%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wheaton Franciscan Healthcare - Southeast Wisconsin Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include University McDuffie County Regional Medical Center Inc ($34.3m), Penn Asian Senior Services Inc ($34.3m) and Barrow Neurological Foundation ($34.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $217k (0.6% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $147.3m against liabilities of $682.1m, net assets of -$534.8m. It reported 491 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.