Seton Medical Group Inc

Analysis

Seton Medical Group Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seton Medical Group Inc reported income of $27.8m and spending of $39.3m, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.7m to $27.8m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 141% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seton Medical Group Inc sits at the 90th percentile: it is larger than about 90% 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 Ida County Iowa Community Hospital ($27.8m), Martin Luther King Jr Community Medical Foundation ($27.9m) and Mary Bridge Childrens Foundation ($27.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.0m (5.0% of expenses). Other salaries and wages came to $21.2m. At year end it held assets of $32.5m against liabilities of $34.6m, net assets of -$2.2m. It reported 329 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.