Ascension Medical Group-Southeast Wisconsin Inc

Analysis

Ascension Medical Group-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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ascension Medical Group-Southeast Wisconsin Inc reported income of $229.4m and spending of $349.9m, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $200.2m to $229.4m (+15%), an average of +3.5% a year. Over the whole period it spent 158% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ascension Medical Group-Southeast Wisconsin Inc sits at the 97th percentile: it is larger than about 97% of them. 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 Beckman Research Institute ($229.1m), Ozarks Medical Center ($229.5m) and Sacred Heart Hospital of the Hospit Al Sisters-3rd Order of St Francis ($228.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $788k (0.2% of expenses). Other salaries and wages came to $193.6m. At year end it held assets of $85.5m against liabilities of $78.2m, net assets of $7.4m. It reported 1,546 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.